Thursday, July 7, 2011

News Corp to Close 'News of the World' in Wake of Scandal


The British Metropolitan police have informed Andy Coulson, former media adviser to British Prime Minister David Cameron, that he will be arrested Friday in connection with the News of the World phone-hacking scandal.

The scandal dominated headlines in the United Kingdom and United States on Thursday and left  Murdoch - who was at a mogul's retreat in Sun Valley, Idaho - avoiding journalists.

James Murdoch, chairman and CEO of News Corp. Europe and Asia, said News of the World  will close Sunday after 168 years in operation.

"The good things the News of the World does, have been sullied by behavior that was wrong," Murdoch, son of News Corp. chairman and CEO Rupert Murdoch, said in a statement.

"If recent allegations are true, it was inhuman and has no place in our company."

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