The apology may be carried in all national newspapers this weekend under the headline "We are sorry." The text was released by the company's News Int. UK arm.
"The News of the World was in the business of holding others to account. It failed when it came to itself," Murdoch wrote in an article.
He added "We are sorry for the serious wrongdoing that occurred. We are deeply sorry for the hurt suffered".
"In up coming days, as we take further concrete steps to resolve these issues and make amends for the damage they have caused, you will hear more from our."
The public disgust that erupted over reports that the News of the World may have hacked into the voicemails of murder victims and other vulnerable people prompted Murdoch to close the News of the World and pull a $12-billion bid to buy the 61 percent of British pay-TV broadcaster he does not own.
