Mediagazer: News of the World Down, News Corp. Stock Up (Mark Gongloff/MarketBeat)

3:00 PM ET, July 7, 2011

Top News:

Adam Gabbatt / Guardian:

News of the World closes - live coverage — The News of the World is to close, James Murdoch has announced. It follows a series of revelations that the paper illegally hacked into phones, and amid calls for Rebekah Brooks to resign. The News International chief executive is said to retain the support of Rupert Murdoch

Discussion: Guardian, blogs.telegraph.co.uk, Guardian, Poynter, Gawker, Mixed Media, The Independent, Slate, The New York Observer, The Media Business, AdAge, Media Matters for America, Political Scrapbook, Media Week, Guardian, The Huffington Post, FishbowlNY, New York Magazine, Media & Entertainment, Telegraph, paidContent, Bloomberg, @littlebell1982, The Wire, Journalism.co.uk, Jon Slattery, CNNMoney.com, PC Magazine, FT Alphaville, Daily Mail, pr-media-blog.co.uk, Chortle News RSS, Most Recent Home Page Posts …, Salon, Charles Apple, Kempton, Wired.co.uk, @hblodget, @piersmorgan, The Lede, @davidfolkenflik, Martin Lewis' Blog, Channel 4 Info Press …, BelfastTelegraph.co.uk, The Huffington Post, Los Angeles Times, News of the World, The Staggers, News Desk, BBC, CNN, @benfenton, The Politico, Runnin' Scared, http://www.Stinkyjournalism …, PSFK, Fast Company, Memex 1.1, 38 Degrees, The First Post, avaaz.org, Press Gazette, Crikey, Media Decoder and New Media Age

brandrepublic.com:

This sunday will be last issue of News of the World — News International will close the News of the World after this weekend's issue, bringing an end to its 168 year history. — Full statement from News International: — News International today announces that this Sunday, 10 July 2011 …

Discussion: Wall Street Journal, The Wire, About.com Journalism, Guardian, Mediaite, Reuters, GalleyCat, newsfeed.time.com, On Media's Blog, msnbc.com, @pfro, @sarahlellison, Associated Press and ShortFormBlog

BBC:

News of the World to close amid hacking scandal — 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 …

Discussion: The Huffington Post, The Wire, New York Times, Telegraph, ZDNet, NevilleHobson.com, blogs.telegraph.co.uk, Gothamist, New York Magazine, This Just In and Guardian

New York Times:

The Murdoch Style, Under Pressure — Risk-taking and line-skirting have always been just one more cost of doing business for Rupert Murdoch. — But the widening voice-mail hacking scandal at the British tabloid News of the World threatens to stain the company's image in a way that other …

Discussion: Clusterstock, Guardian, @davidfolkenflik, The Wire, CJR, City Room, The Wrap, Online NewsHour, DealBook, Reuters, On Media's Blog, News of the World, CNNMoney.com and The Lede

Amelia Hill / Guardian:

Andy Coulson to be arrested over phone hacking tomorrow — Second former senior News of the World journalist to also be arrested after leaks from NI force police to speed up plans — Andy Coulson has been told by police that he will be arrested on Friday morning over suspicions that he knew about …

news.sky.com:

Murdoch Folds NOTW Over Phone Hacking — This Sunday's News Of The World will be the last ever issue of the tabloid, News International chairman James Murdoch has announced. He said the final edition would not run any commercial adverts - with the advertising space to be donated to causes and charities.

Guardian:

Nick Davies on phone hacking, Murdoch and News of the World - video — The investigative journalist on how the phone-hacking scandal has escalated, leading to News of the World's announced closure

Mark Gongloff / MarketBeat:

News of the World Down, News Corp. Stock Up — Shares of News Corp. are up 1.5% after the company announced it was pulling the plug on the troubled, 168-year old News of the World tabloid. — News Corp., which also employs this blogger, faced a barrage of criticism and an advertiser revolt …

Discussion: AllThingsD and Gawker

Ken Auletta / News Desk: What Murdoch Made — During the first full day of the Allen …

Nick Davies / Guardian:
NoW detective surveillance: what Brooks knew

Discussion: Press Gazette, Techdirt, CJR and Future of Journalism

BBC:
Hugh Grant: How I exposed hacking

Discussion: Forbes.com, Guardian, The New York Observer and Future of Journalism

The Daily Beast:

Elizabeth Smart, Network Pundit? — Amid the Casey Anthony frenzy, ABC News is close to unveiling its latest contributor. Howard Kurtz reports exclusively on the kidnap victim's new career. — Elizabeth Smart first came into our consciousness nearly a decade ago as a 14-year-old girl kidnapped from her Salt Lake City bedroom.

Discussion: Media & Entertainment, rbr.com, Broadcasting & Cable, New York Magazine, Media Decoder, Adweek, NY Daily News, MediaPost, The New York Observer, The Wire, Gawker, mediabistro.com and Washington Post

Paul Farhi / Washington Post:

Ubiquitous ‘tiny belly’ online ad part of scheme, government says — It might be the ad that ate the Internet. — “1 Tip for a Tiny Belly” reads the headline, rendered in what appears to be hand-lettered type and positioned above a crudely animated drawing of a woman's bare midriff.

Discussion: The Hairpin and The Awl

David Kaplan / paidContent:

Reuters.com Gets Another ‘New Look’, Starting With Homepage — Less than two years after Reuters.com got a major overhaul to make it more “consumer-facing”, the site is getting another revamp that reflects the changes being put in place by Stephen Adler and Chrystia Freeland, the head of the Reuters …

Discussion: FishbowlNY, eMedia Vitals, Editors Weblog and Poynter

Kara Swisher / AllThingsD:

Former Top Editor Makes Another Talent Raid on AOL's Engadget for New Competing Gadget Site — I love the smell of blog wars in the morning! — Acting as Facebook often does to Google, a new site started by former Engadget editor Josh Topolsky just hired away yet another passel …

Discussion: This is my next

Jon Steinberg:

The Coming Creative Revolution in Digital Advertising — There is a coming creative revolution in digital advertising. Despite the DSPs and RTBs, most RFPs from major brand advertisers proclaim things like “what can you do custom, unique, and high impact!”

Discussion: Future of Journalism

Cory Bergman / Lost Remote:

What Facebook, Google video chat means for TV — As predicted by just about everyone, Facebook's “awesome” new product is video calling, powered by Skype. Facebook rolled it out today — it's a quick plugin download — and you simple click a “call” button next to a user's profile and it rings them on the other end.

Discussion: MediaShift, Forbes.com, Fast Company and AdAge

Tom Grubisich / Street Fight:

‘Social Journalism’: News You Can Take to the Bottom Line — The LJ World in Lawrence, Kan., has long been a fount of innovation in local digital journalism — especially in how to build and foster more and deeper community connections. Jane Stevens, the site's director of media strategies, is herself a nonstop innovator.

Discussion: Future of Journalism

Ben Popken / The Consumerist:

Magazine With Ad For “Zookeeper” Digitally Inserted Into “How I Met Your Mother” Rerun — For the past few years, networks have been digitally inserting ads and product placements for new products into old reruns. Shannon just noticed one in a rerun of a 2007 episode of “How I Met Your Mother.”

Discussion: The Atlantic Online, Gawker, Splitsider, WebProNews and New York Magazine