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Page last updated at 06:21 GMT, Friday, 8 July 2011 07:21 UK
Today: Friday 8th July

With the News of the World closing, police investigating phone-hacking are reported to be about to arrest the former Downing Street director of communications, Andy Coulson. Also on today's programme, as the US gets ready to launch its last ever space shuttle, we look back at the end of an era.

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Business news with Dominic Laurie: This Sunday's issue of the News of the World will be the last edition of the paper, according to News International chairman James Murdoch. Jenine Hulsmann, partner at Clifford Chance, considers whether the hacking scandal will derail the BSkyB takeover. And Today's Friday boss Mark Newton-Jones, chief executive of Shop Direct, one of the News of the World's biggest advertisers, examines the corporate reaction to the scandal. Download the podcast

The News of the World, Britain's best-selling Sunday newspaper, is to close after the fallout from the phone-hacking affair. David Wooding, News of the World's political editor, will be part of the editorial team putting together the paper's last ever edition for Sunday.

While the News of the World hacking scandal has made headlines in Britain, it is also the lead story in the New York Times and Washington Post. Mark Mardell reports on whether the crisis in Rupert Murdoch's UK operation will harm his assets in the US.

The Disasters Emergency Committee Appeal will be launched today, calling for aid to help thousands of people fleeing the massive drought which has hit areas of the Horn of Africa. Brendan Gormley, chief executive of the appeal, assesses whether people in Britain will donate despite the general sense of financial stress at home.

Just five schools sent more students to Oxbridge between 2007 and 2009 than nearly 2000 comprehensive schools, according to the charity the Sutton Trust. Sanchia Berg reports.

Business news with Dominic Laurie.

What sort of paper could possibly replace the News of the World? Tim Luckhurst, professor of journalism at Kent University, looks at the legacy of Rupert Murdoch's first tabloid.

Sports news with Rob Bonnet.

While junior staff now face joblessness at the News of the World, senior executives appear largely to have escaped. The Labour MP Chris Bryant, who has been one of the central figures calling for the paper to be brought to book, and William Shawcross, author and biographer of Rupert Murdoch, debate where the buck really stops in News International.

Paper review.

Flight STS-135 is set to leave Kennedy Space Centre in just over 8 hours time, becoming the last flight of any space shuttle and the end of US involvement in delivering astronauts to space. Science correspondent Tom Feilden reports on the end of a space odyssey.

Thought for the day with the Reverend Lucy Winkett, Rector of St James Piccadilly.

Five schools, four independent and one state sixth form college, accounted for more Oxbridge places over three years than 2,000 comprehensives, according to analysis published by the Sutton Trust. Sir Peter Lampl, chairman of the Sutton Trust, and Professor Michael Arthur, chairman of the Russell Group, discuss educational equality.

This Sunday's edition of the News of the World will be the last, following the furore over phone hacking. Tom Bateman reports from outside News International's headquarters at Wapping in East London. Political editor Nick Robinson and business editor Robert Peston analyse the impact of the closure on the rest of Rupert Murdoch's media empire.

East Africa is heading towards a catastrophic famine, according to aid agencies such as Oxfam, which says drought conditions could be the worst in 60 years. Andrew Hosken is one of the first journalists to enter one of the worst affected areas in northern Somalia, and reports from Bossaso, a town near the epicentre of the unfolding crisis.

Sports news with Rob Bonnet.

Which political party will grasp the political initiative over the phone hacking scandal? Tim Montgomerie of ConservativeHome and Daniel Finkelstein of the Times debate the leaders' next move.

Kennedy Space Centre is preparing for the flight of the last space shuttle into space. Piers Sellers, former British shuttle astronaut, discusses the impact of the shuttle on space exploration.

Business news with Dominic Laurie.

The biggest protests in Egypt since the revolution are expected in Tahrir Square, as people express frustration at the breakdown of law and order, the state of the economy and the delay of trials. Jon Leyne reports on the mood in the square.

There are fears that the hacking scandal and apparent attempt at a cover-up at the News of the World may have a wider impact on the media landscape. John Lloyd, director of journalism at Reuters Institute and contributing editor at the Financial Times, and Nicholas Coleridge, author of Paper Tigers, the Latest, Greatest, Newspaper Tycoons, debate whether this saga will spark the decline of other newspapers.



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