The paper’s last issue will be published this Sunday following allegations that as many as four thousand may have been victims of phone hacking by the paper. Here is an excerpt from News Corporation Deputy Chief Operating Officer James Murdoch’s statement:
Having consulted senior colleagues, I have decided that we must take further decisive action with respect to the paper.
This Sunday will be the last issue of the News of the World.
Colin Myler will edit the final edition of the paper.
In addition, I have decided that all of the News of the World’s revenue this weekend will go to good causes.
While we may never be able to make up for distress that has been caused, the right thing to do is for every penny of the circulation revenue we receive this weekend to go to organisations – many of whom are long-term friends and partners – that improve life in Britain and are devoted to treating others with dignity.
We will run no commercial advertisements this weekend. Any advertising space in this last edition will be donated to causes and charities that wish to expose their good works to our millions of readers.
These are strong measures. They are made humbly and out of respect. I am convinced they are the right thing to do.