Ted Turner thinks Rupert Murdoch ‘is going to have to step down’

"I think he's going to have to step down. This is serious. It's going against the law. Not even Rupert Murdoch should be allowed to break the law. He was chairman of the board. He's responsible. I took responsibility when I ran my company. You never heard me say, 'Well, I didn't know.'"

-- Ted Turner, founder of CNN and Turner Broadcasting, on the phone-hacking scandal that has his former mogul-rival, in an interview with Bloomberg TV at the three-day Clinton Global Initiative annual meeting, which kicked off Tuesday in New York.

Also on Tuesday, Bloomberg reported that U.S. prosecutors formally requested that the company turn over information "on any bribes paid by its News of the World unit," part of a federal investigation to determine if News Corp. violated the Foreign Corrupt Practices Act.