Source: Murdoch To Relaunch "News Of The World" To Compete With Daily Mail
Editor's Note: During his time as a member of the UK's Culture, Media and Sport Select Committee, Tom Watson MP questioned Rupert Murdoch, his son James Murdoch and former editor Rebekah Brooks, leading to him being described as "Murdoch's nemesis." He is author of the book "Dial M For Murdoch"
For some years, News Corporation insiders have shared detailed company information with me. It usually involves the bribery and hacking scandal but recently it's widened to include more broad information.
Now one source tells me that Murdoch intends to resurrect the old News of the World title, as an online only property, to compete with Mail Online (the website of the Daily Mail).
"'It's the place where they want to put the Page 3 girls when they're put out to pasture from the Sun," my source told me. So it sounds classy.
The insider also claims executives are split as to whether the move is sensible at such a fragile time for the newly re-organised company.