Reuter site - News Corp to close News of the World

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News Corp to close News of the World

Thu, Jul 07 11:54 AM EDT

LONDON (Reuters) - 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, James Murdoch said on Thursday.

"The News of the World is in the business of holding others to account," the deputy chief operating officer of News Corporation told staff. "But it failed when it came to itself."

(Reporting by Kate Holton; editing by Georgina Prodhan)