After public outrage over the hacking of a missing 13-year old girl's voice mail, Rupert Murdoch has finally pulled the plug on British tabloid News of the World.  

The decision, announced by Murdoch's son James, was made after anger and protests were mounted around the world.

Having consulted senior colleagues, I have decided that we must take further decisive action with respect to the paper. This Sunday will be the last issue of the News of the World, said News Corp. Chairman James Murdoch.

Murdoch further stated that all revenues from this weekend's edition of News of the World will be donated to a good cause.

This decision comes after recent news showed that the paper had also been soliciting information on dead British soldiers. That information, along with the hacking of Milly Dowler's phone and possible intervention by the British government, basically made Murdoch's decision for him.