Rupert Murdoch, chairman of News Corp., issued a statement Wednesday noting that his executive Rebekah Brooks will continue her leadership despite phone hacking and police payments allegations.

Brooks, a former News of the World editor, has been facing pressure following the recent allegations that the newspaper hacked into the voicemail of a kidnapped teen, who was murdered, according to the Wall Street Journal.

Murdoch calls the allegations deplorable and unacceptable. He said the company must fully and proactively coorporate with all police investigations and has been doing just that, and will continue to do so under Brooks' leadership.

We are committed to addressing these issues fully and have taken a number of important steps to prevent them from happening again, Murdoch stated in the press release.

To that end, Murdoch has appointed Joel Klein, who will provide oversight and guidance. Viet Dinh, an independent director, will work with Klein to keep the News Corp.'s Board fully advised, Murdoch stated in the release.

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