Sunday's edition of the 168-year-old News of the World will be the last, said James Murdoch, chairman and CEO of News Corp.'s Europe and Asia divisions and son of News Corp. owner Rupert Murdoch.

"The good things the News of the World does ... have been sullied by behaviour that was wrong," James Murdoch on the publication's website. "The News of the World is in the business of holding others to account. But it failed when it came to itself."

Officials at the newspaper first believed that the voice mail hacking activities, , were confined to one reporter, Murdoch wrote.

"We now have voluntarily given evidence to the police that I believe will prove that this was untrue and those who acted wrongly will have to face the consequences," Murdoch added.

There are two ongoing police investigations into the voice mail hacking allegations, Murdoch said.