SHAMELESS: Murdoch Shuts Down News of the World!

Mired in an ever-deepening phone hacking scandal, Rupert Murdoch's 168-year-old News of the World will fold after Sunday's edition, reports the Wall Street Journal. 

"If recent allegations are true, it was inhuman, and has no place in our company," James Murdoch said in a statement announcing the closure of the vaunted British tabloid. The younger Murdoch said that the paper had now "voluntarily given evidence to police" of widespread wrongdoing, and that "those who acted wrongly will have to face the consequences."