Instant view:Murdoch's News of the World to shut after 168 years
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.
Following are reactions to the news:
ZAC GOLDSMITH, MEMBER OF PARLIAMENT, GOVERNING CONSERVATIVE PARTY
"It's got to be a good day for Britain," he told BBC Radio. "I think the News of the World as an organization is toxic on almost every level. I think the country after Sunday will be a better place. I think it's an organization which has corrupted our political system, made it impossible for people to have faith in our police."
STEVE HEWLETT, MEDIA CONSULTANT
"It's very big and unexpected. But I'm not sure it's going to solve the problem while the chief executive and ex-editor of the paper in some of its darkest days is still the chief executive of the company."
CHARLIE BECKETT, FOUNDING DIRECTOR, POLIS THINK TANK AT THE LONDON SCHOOL OF ECONOMICS
"This is one of the most remarkable public relations moves of modern times. To close a massive profit-making business because it has become a reputational black hole is both bold and a gamble.
"It seems that News Corp have finally caught up with the public mood and are trying to get a grip on the narrative of this crisis. Yes, the advertising boycott meant that it would be worth less but no-one really thought that would be permanent. Continued...