Rupert Murdoch’s News of the World will close after a very public phone hacking scandal.
From the latest Reuters article:
The demise of Britain’s biggest-selling newspaper is likely to weaken media mogul Rupert Murdoch’s grip on British politics, at least in the short-term, after a phone hacking scandal that has tarnished Prime Minister David Cameron.
Allegations that the News of the World Sunday newspaper, owned by Rupert Murdoch’s News International , hacked into phones of people including a murdered schoolgirl and dead soldiers have rocked British politics and disgusted the public.
The allegations triggered the dramatic announcement on Thursday of the closure of the 168-year-old paper, after a rare emergency session of parliament on the scandal on Wednesday and Internet campaigns to boycott the publication. Many firms had already pulled their advertising.