News Corp. chairman and chief executive Rupert Murdoch says his company has handled the phone hacking crisis in Britain "extremely well" and will recover.

In an interview with the News Corp.-owned Wall Street Journal, Murdoch also said he would set up an independent committee to "investigate every charge of improper conduct" made against News Corp.

Rupert Murdoch ... strongly denies he'll be selling his other papers. Credit:Getty Images

The 80-year-old Murdoch said the damage to the company in Britain, where News Corp. was forced to shut the News of the World tabloid because of the phone hacking, is "nothing that will not be recovered".

"We have a reputation of great good works in this country," he said.