It's over for the News of the World.
The British Tabloid's last issue will come out Sunday. James Murdoch runs News International in Europe and Asia and says this weekend's edition will be it's final edition.
Advertisers couldn't free themselves of the paper fast enough, and the final edition will carry no paid ads at all. Even consumers were planning a mass boycott.
What may have been the last straw was the hacking of phones belonging to victims of the July 7th bombings. Those hackings drew special criticism.
David Woodling is the Political Editor to the News of the World, and when asked about the papers closing he said it was unexpected.
"I pulled my Blackberry out in front of the MP and together we scroll through this email from James Murdoch. A very long email telling us about all the problems that have gone on in the week, and ending with the killer blow that this week's News of the World is going be the last. I was absolutely shell shocked."
About 200 people work at News of the World and will have to find other work come Sunday. They can apply for other positions within the parent company.
Proceeds from Sunday's final edition will go to charity.
People across Britain are shocked and outraged over the widening phone hacking scandal.
A British tabloid may have hacked into the phones of a missing 13 year old girl and suicide bombing families.
Investigators are looking into whether journalists at Rupert Murdoch's News of the World listened in to the desperate conversations families had with police after the 2005 London attacks.
The tabloid also allegedly tapped into the account of missing 13 year old Milly Dowler, not only listening to her voicemail, but deleting messages from frantic relatives. The activity on the phone gave her family hope she was still alive. She was found dead six months after she disappeared in 2002.
The new hacking allegations are infuriating the British public, prompting an emergency government session and calls for an immediate investigation.
British Prime Minister David Cameron said "We are talking about murder victims, potentially terrorist's victims, having their phones hacked into. It is absolutely disgusting." When the scandal first broke the targets were mainly celebrities like Mick Jagger, Eric Clapton, Gwyneth Paltrow and Hugh Grant.
At the center of the controversy is Rebekah Brooks, who headed up the tabloid newspaper for years and is now in charge of Murdoch's British News Corporation. Murdoch says she will continue to lead his company despite calls for her resignation.