News Of The World Newspaper To Shut Down
The News of the World newspaper is to be closed by News International amid the backlash by the public and advertisers against the phone hacking scandal.
The News of the World has been published every sunday for the last 168 years in the UK. Today it was announced by James Murdoch, the chairman of News International, that this sunday’s edition will be it’s last.
Following the phone hacking scandal that has engulfed the sunday newspaper this week it seems that News Corp. are growing concerned about the impact upon it’s other business interests.
Yesterday, it’s takeover of the satellite broadcaster BSkyB was successfully delayed after thousands of people sent letters in opposition of the takeover to the culture department just hours before the deadlines for appeals closed.
The paper was founded in 1843 and in it’s modern era has become known for publishing celebrity scandals, back then it was Charles Dickens who was a local celebrity rather than David Beckham.
By 1950 it had become the biggest selling newspaper in the world, shifting more than 8 million copies a week and was taken over by Rupert Murdoch in 1969. Today it is still one of the largest selling papers in the UK, selling about 2.8 million copies a week in a difficult climate for the print media.
James Murdoch said that revenue from the last edition this sunday, would go to good causes and that no advertisements would be run.
Many high profile advertisers had pulled their adverts earlier in the week including Ford and Virgin with others likely to follow suite, especially with the news today that police had a list of 4000 people who may have had their phone hacked.
Many commentators have made the point that it is the News of the World brand that is being dropped and that it’s sister paper, the Sun will likely move from 6 days a week to 7.