Rupert Murdoch’s News Corporation will close its tabloid “News of the World” after this Sunday’s edition, as a result of an escalating phone-hacking scandal. The British newspaper, which was first published in 1843, found itself in hot water recently after accusations emerged that it had hacked into the mobile phone messages of some 4,000 people including celebrities, relatives of dead British soldiers and the family of murdered school girl Milly Dowler.
In a statement to staff on Thursday, News Corporation’s James Murdoch said. “The News of the World is in the business of holding others to account. But it failed when it came to itself.”