why did the news of the world shut down
News of the World It was announced on 7 July 2011 that, after 168 years in print,[12] the newspaper would print its final edition on 10 July 2011 following revelations of the ongoing phone hacking scandal, with the loss of 200 jobs. The paper announced that all profits from the final edition – 74 pence out of the £1 cover price – would go to "good causes", and advertising space would be given to charities; the remaining 26 pence for each copy went to retailers selling the paper and to wholesalers.[22] Shutting the newspaper cost News Group Newspapers around £240m.[23]