The Murdoch dynasty's decision to close the News of the World (NOTW) has sent shockwaves through the journalism industry.
After a 168 year history the NOTW became embroiled in allegations over phone hacking, which resulted in an announcement yesterday evening that Sunday's edition would be the newspaper's last.
Phone hacking allegations against the NOTW have drastically increased in severity over the course of the week with revelations that murder victim's phones were hacked.
Rebekah Brooks, chief executive of News International who own the NOTW, has come under increasing pressure to resign.
David Cameron has also faced uncomfortable questions about former NOTW editor Andy Coulson who he employed as No 10 director of communications until January this year. Mr Coulson was arrested earlier today.
Hugh Grant, actor, speaking on BBC Question Time last night describes the closure of the News of the World as cynical and questions why Rebekah Brooks remains in her position as News International chief executive.
James Murdoch, chairman of News International and deputy chief operating officer of News Corporation told staff yesterday of the imminent closure of News of the World due to allegations of what he described as "inhuman behaviour" during the phone hacking scandal.