Why after 168 years the News of the World will stop?

It was recently announced News of the World was going to stop publishing after 168 years of circulation. I couldn't believe it! My father has brought the English newspaper for as long as I can remember and I'm sure it was the same in most households. This newspaper was the one to buy on a Sunday, but now are we just suppose to stop because it is being shut down? Is it as simple as that?

The News of the World was killed off due to a crisis over a phone- hacking scandal. It was said to have hacked in the phones of a murdered teenager (Milly Dowler), relatives of other murdered children, victims of the London bombing, and the families of soldiers who were killed in Afghanistan or Iraq. This is absolutely disgusting and a successful organisation like NOTW should not felt the need to do this just to generate a story. I fully understand the hatred towards the paper. It is a toxic brand and investigators as well as reporters should be ashamed. Personally I feel the chief executive Rupert Murdoch had to shut down because it would have been too difficult to build the brand reputation back whether they did or didn't hack phones.

For example, London Retailers stopped selling the NOTW before it was culminated and prompted other retailers to do the same.The allegations against the paper was enough for people to stop buying it and reading it. People have been affected by the hacking and in my eyes at least shops are considering the feelings of their community. We can now spend our money on honest and hardworking newspapers!