AdvertisementMurdoch Closes Scandal-Ridden 'News Of The World'July 08, 2011David FolkenflikfacebookEmailA News of the World sign is posted by an entrance of its parent company in London. News Corp. executive James Murdoch announced Thursday that News of the World will publish its last issue Sunday. A phone-hacking scandal has cost the weekly paper prestige and prompted dozens of companies to pull their ads. (AP)