This Sunday's issue of the
News of the World will be the last edition of the paper, News
International chairman James Murdoch has said.
In the past few days, claims have been made that the paper
authorised hacking into the mobile phones of murdered schoolgirl Milly
Dowler and the families of 7/7 bombing victims.Mr Murdoch said proceeds from the last edition would go to good causes.
Downing Street said it had no role or involvement in the decision.
In a statement made to staff, Mr Murdoch said the good things the News of the World does "have been sullied by behaviour that was wrong - indeed, if recent allegations are true, it was inhuman and has no place in our company".
"The News of the World is in the business of holding others to account. But it failed when it came to itself."
He went on: "In 2006, the police focused their investigations on two men. Both went to jail. But the News of the World and News International failed to get to the bottom of repeated wrongdoing that occurred without conscience or legitimate purpose.
"Wrongdoers turned a good newsroom bad and this was not fully understood or adequately pursued.
"As a result, the News of the World and News International wrongly maintained that these issues were confined to one reporter.
"We now have voluntarily given evidence to the police that I believe will prove that this was untrue and those who acted wrongly will have to face the consequences. This was not the only fault.
"The paper made statements to Parliament without being in the full possession of the facts. This was wrong."
Labour MP Tom Watson told Sky News it was "a victory for decent people up and down the land, and I say good riddance to the News of the World".
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