According to Sky News, the closure was announced on Thursday by James Murdoch, who helms the U.K. operations for global media mogul Rupert Murdoch, his father.
News of The World‘s closure comes just weeks before British regulators decide on whether News Corp. will be allowed to purchase British Sky Broadcasting, one of the largest networks in the U.K. News Corp. already owns a minority stake in Sky.
Many British media watchdogs suggest that allowing Murdoch to purchase Sky would be akin to giving a single company too much power, and have urged regulators to refuse the sale.
News of the World was founded in 1843.
Stephen C. Webster
Stephen C. Webster is the senior editor of Raw Story, and is based out of Austin, Texas. He previously worked as the associate editor of The Lone Star Iconoclast in Crawford, Texas, where he covered state politics and the peace movement’s resurgence at the start of the Iraq war. Webster has also contributed to publications such as True/Slant, Austin Monthly, The Dallas Business Journal, The Dallas Morning News, Fort Worth Weekly, The News Connection and others. Follow him on Twitter at @StephenCWebster.
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