The Leveson Report; Jeff Zucker to CNN

Kim and John break down the two big media stories of the day. Across the pond in the UK the big news is the Leveson Report which is the culmination of an inquiry into the phone-hacking scandal at the NewsCorp-owned newspapers in Britain -- especially the now-closed News of the World. The report reveals a press room with little to no internal regulations on what they were willing to do to get the story. Then they go on to discuss the news at CNN. Jeff Zucker-- former President and CEO of NBCUniversal-- will now head the 24-hour news network. Zucker left his previous post after the failed attempt to air Jay Leno's show nightly at 10pm, which made Zucker the rare breed -- a TV executive that's a household name.