This can not be seen as anything other than good news. Just one more in the legacy of we distort and you decide.
In a statement (son James) Murdoch said: "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."
http://www.huffingtonpost.co.uk/2011/07/07/news-of-the-world-last-ed_n_892241.html
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