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]
History of Fox News The channel was created by Australian-born American media mogul Rupert Murdoch, who hired Roger Ailes as its founding CEO. The channel was launched on October 7, 1996[1] to 17 million cable subscribers. Prior to founding Fox News, Murdoch had gained significant experience in the 24-hour news business when News Corporation's BSkyB subsidiary started Europe's first 24-hour news channel, Sky News, in the United Kingdom in 1989.[2] With the success of his fourth network efforts in the United States,[3][4] experience gained from Sky News, and turnaround of 20th Century Fox, Murdoch announced on January 31, 1996, that his company would be launching a 24-hour news channel to air on both cable and satellite systems as part of a News Corp. "worldwide platform" for Fox programming, reasoning that "The appetite for news – particularly news that explains to people how it affects them – is expanding enormously."[5]