Hacking scandal to impact Australian media

RICARDO'S BUSINESS: Telecommunications analyst Mark McDonnell from BBY explains how the News International hacking scandal in the UK may affect the media landscape in Australia.

Rupert Murdoch has appeared before the UK Parliament.

But questions are already being asked as to what this scandal means for the future of News Corp.

There may be implications for Australia's journalists, and as telecommunications analyst Mark McDonnell from BBY told me on Tuesday, one Australian media takeover proposal, may already be affected.