Reuters Investigates

Insight and investigations from our expert reporters

The end of an era for British tabloids?

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No sooner had our special report today on British tabloids hit the wire than Rupert Murdoch’s News Corp shocked everybody by announcing it would close down the 168-year-old News of the World.

Steven Barnett, professor of communications at London’s Westminster University, spoke for a lot of people when he said of the news: ”Astonishing. I’m completely gobsmacked. Talk about a nuclear option.”

The big question now is what happens to Rebekah Brooks, a close confidant of Rupert Murdoch and a friend of Prime Minister David Cameron. Her editorship of the News of the World a decade ago is at the heart of some of the gravest accusations about phone-hacking at the paper.

Our story by Mark Hosenball and Kate Holton asks what makes British tabloids tick — and what makes them different from newspapers in other countries.

from MediaFile:

Tencent, De Wolfe among interested buyers for Myspace

De Wolfe and Murdoch in happier times (Photo: Reuters)

De Wolfe and Murdoch in happier times (Photo: Reuters)

Chinese Internet holding company Tencent, Myspace founder Chris De Wolfe and Myspace's current management team are among the 20 odd names kicking the tires at the once might social network to see whether it's worth buying outright or partnering in some sort of spin-out with current owner News Corp.

Tencent has previously said it is interested in possible US acquisitions.

The names come up in Reuters' Special Report on 'How News Corp got lost in Myspace',  a behind the scenes tale on how the focused Facebook beat the partying Myspace. (We have the story in a handy PDF format here)