The British newspaper News of the World is shutting down.<\/p>\n
The scandal-rag is famous in F1 circles for exposing Max Mosley’s encounter with five prostitutes, for which the former FIA president won legal action against the newspaper’s claim it was a “sick Nazi orgy”.<\/p>\n
Media mogul Rupert Murdoch’s son James announced late on Thursday that Sunday will be the last edition in the newspaper’s 168 year history, in the wake of the long-running and ultimately tragic phone hacking scandal.<\/p>\n
“Having consulted senior colleagues, I have decided that we must take decisive action with respect to the paper,” said Murdoch in an email to staff.<\/p>\n
“In addition, I have decided that all of the News of the World’s revenue this weekend will go to good causes,” added the News International chairman.<\/p>\n
Rupert Murdoch is said to be interested in buying F1’s commercial rights.<\/p>\n
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