By Bagehot
UPDATE: a short while after the posting of this blog entry, James Murdoch, the executive chairman of News International and head of international operations at News Corporation, announced that he was closing the News of the World newspaper. The final edition of the Sunday tabloid will be published this weekend and will not carry commercial advertising. In a statement, Mr Murdoch says the newspaper and News International had „failed to get to the bottom of repeated wrongdoing that occurred without conscience or legitimate purpose“. The full text is here. The statement, some already are noting, does not preclude the launch of a seven day Sun operation.