Founded in 1843, the National Tabloid Newspaper, The News of the World, will cease publication after Sunday, 10th July, amid the hacking scandal of the past few days claiming that the newspaper authorised hacking into mobile phones of murdered schoolgirl Milly Dowler, and the families of London’s 7/7 bombing victims.
News International Chairman, James Murdoch said:
“Proceeds from the last edition will go to good causes.
“The good things the news of the World does has been sullied by behaviour that was wrong.
“If recent allegations are true, it was inhuman and has no place in our comopany.
“The news of the World is in the business of holding others to account but failed when it came to itself.
“In 2006, the police focused their investigations on two men.
“Both men went to jail.
“But the News of the World and News International failed to get to the bottom of repeated wrongdoing that occurred without conscience or legitimate purpose.
“Wrongdoers turned a good newsroom bad and this was not fully understood or adequately persued.
“As a result, The News of the World and News International wrongly maintained that these issues were confined to one reporter.
“We now have voluntarily given evidence to the police that i believe will prove that this was untrue and those who acted wrongly will have to face the consequences.
“The paper made statements to parliament without being in the full possession of the facts.
“This was wrong.
Mr Murdoch has stated that the company is fully co-operating with the two on-going police investigations.