Mediagazer: Online Video's Troubling Ad Equation: Less Transparency Means Lower Cost (Andy Plesser/Beet.TV)

4:55 PM ET, July 7, 2011

Top News:

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 …

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

Amelia Hill / Guardian:

Andy Coulson to be arrested 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 …

Discussion: Adweek, Reuters, MediaFile, Mediaite, The Wire, BBC, Press Gazette and NetNewsCheck Latest

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 Huffington Post, The Wire, New York Times, Telegraph, Top Digital Journal News, NevilleHobson.com, blogs.telegraph.co.uk, This Just In, Truthdig, ZDNet, New York Magazine, Gothamist and Guardian

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.

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

Emma Hall / AdAge:

News Corp. Closes News of the World as Scandal Threatens BSkyB Deal — Newspaper's 200 Employees Can Apply for Jobs Elsewhere at Company — Britain's best-selling newspaper, the News of the World, is to close in the wake of a scandal over allegations that the paper hacked the phones …

Discussion: Future of Journalism

Alison Frankel / Reuters:

Is Murdoch free to destroy tabloid's records? — The views expressed are her own. — Here's some News of the World news to spin the heads of American lawyers. According to British media law star Mark Stephens of Finers Stephens Innocent (whom The Times of London has dubbed “Mr Media") …

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

Discussion: Future of Journalism, ProPublica and ProPublica

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

Discussion: Mediaite and AllThingsD

Peter Oborne / Spectator:
What the papers won't say — The omertà of Britain's press …

Discussion: CJR, Crikey, BBC, Reuters, FleetStreetBlues, Future of Journalism, Telegraph and Guardian

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

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

Josef Adalian / New York Magazine:

MSNBC Nixes Chris Matthews's Cameo in Aaron Sorkin's Pilot About Cable News — While he was writing the pilot script for his new HBO project More As This Story Develops, Aaron Sorkin reportedly spent some time on the set of Hardball With Chris Matthews. Makes sense, since Develops is a behind …

Discussion: Gawker, MediaPost, Glittarazzi, Company Town and The New York Observer

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: eMedia Vitals, FishbowlNY, Editors Weblog and Poynter

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.