News of the World shuts down amid hacking scandal

Britain's top-selling Sunday tabloid vowed on Tuesday to take the "strongest possible action" if it is proven that its journalists hacked the phone of a missing teenager who was later found murdered.British Prime Minister David Cameron earlier said police should pursue their investigation into the claims about the News of the World, owned by Rupert Murdoch's News International, in "the most vigorous way".

News Corp. has backed off of its plan to buy BSkyB, the powerful British satellite broadcasting company in which it holds a minority stake. The decision comes in the wake of a phone hacking scandal that has already led the Rupert Murdoch-owned media giant to shut down its British tabloid News of the World.

Britain's News of the World was published for the last time on Sunday after the tabloid was axed amid the phone-hacking scandal, as its owner Rupert Murdoch flew in to take charge of managing the crisis.After 168 years of scoops and scandals, Britain's top-selling weekly newspaper hit newsstands for the final time with the headline "Thank You and Goodbye."While most of the paper was dedicated to celebrating the newspaper's many world exclusives and campaigns, it also included an apology to readers in an editorial, which said: "Quite simply, we lost our way."

LONDON (AP) -- Companies rushed to pull ads from British tabloid News of the World on Wednesday amid public outcry over alleged phone hacking, but media mogul Rupert Murdoch insisted his top executive in Britain, Rebekah Brooks, would not resign....

Britain's News of the World tabloid on Sunday publicly apologised to victims of phone hacking, as the Rupert Murdoch-owned newspaper sought to draw a line under the long-running scandal.In an apology printed in its latest edition, the paper said it had admitted liability in some cases and planned to pay compensation from a fund being set up.Referring to the victims, the News of the World said: "Here today, we publicly and unreservedly apologise to all such individuals."

Britain's opposition Labour party called Sunday for a fresh police probe into phone-hacking by journalists, amid reports that former prime minister Gordon Brown was among the high-profile figures targeted.Fresh revelations in the scandal over phone hacking at the Rupert Murdoch owned News of the World forced Prime Minister David Cameron's media chief Andy Coulson, a former editor of the tabloid, to quit last week.