News Corp Shocker

7:40 PM ET Thu, 7 July 2011

Rupert Murdoch's News Corp is shuttering the doors on its "News of the World" publication on the heels of accusations that the tabloid hacked into cell phone messages of celebrities, British royals and politicians, with NBC's Mike Taibbi. Sir Martin Sorrell, WPP; David Bank, RBC Capital; and Sarah Ellison, former WSJ reporter, weigh in.