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So what to do? Cut your losses. Fold the paper. Wash your hands of the whole ordeal. You can expect News Corp’s rhetoric about ‘moving on’ to start today. And that’s how you get out of a scandal with all the top executives’ jobs intact.
Hamilton Nolan, editor at Gawker • speaking brilliantly about the end of the News of the World. Basically, they were going downhill fast because of their hacking scandal. Instead of actually working through it, it seems like Rupert Murdoch’s son, the owner of the paper, took the easy way out and just shut the paper down. That way, they don’t have to worry about advertising, or damage control, or anything else that goes on with a scandal like this. Ultimately, News Corp. is a business that focuses on making money on top of its journalism. And it didn’t look like NOTW would be making any money for a long, long time. So they picked their best option. source (viafollow)
July 7, 2011 // 13:28 // 2 years ago
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    I don’t agree with this analysis. I think NotW could have returned to profitability eventually, even without rebranding...
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