Murdoch bows out of "freesheet" newspaper war in London

International newspaper mogul Rupert Murdoch has shut down the London Paper, the "freesheet" evening paper that, since 2006, has been giving out over half a million copies a day on the streets of London. The paper, which a story in Forbes.com says has been in a brutal struggle for advertising support with the rival London Lite (owned by Associated Newspapers), posted a lost of £12.9 million (