"No further action will be taken against journalists over phone hacking," the UK's Crown Prosecution Service (CPS) announced today.
The body responsible for bringing cases to the court said there was "insufficient evidence" to bring corporate liability charges against Murdoch's News Group or against 10 individuals at the Mirror Group of newspapers.
"After a thorough analysis, we have decided there is insufficient evidence to provide a realistic prospect of a conviction and therefore no further action will be taken in any of these cases," said Alison Saunders, the director of public prosecutions at the CPS.
Operation Weeting, the hacking investigation which included looking into corporate liability at News UK, the publisher of the 'Times', the 'Sun', the now defunct 'News of the World', had resulted in a dossier of evidence being passed to the CPS in July this year.
"Potential charges for phone hacking and perverting the course of justice were considered. After thorough analysis of the evidence, it has been decided that no further action will be taken for either charge," the CPS said.
"Therefore the company cannot be said to have perverted the course of justice," it added.
News UK, parent company of the News Group, said it welcomed the decision by the CPS.
"We now relish the chance to focus fully on what this company does best - world class professional journalism," a spokesperson for the company said.
Scotland Yard began an investigation into phone hacking in 2011, which eventually led to the conviction of the former 'News of the World' editor Andy Coulson.
The former spokesman for No. 10 Downing Street, was also jailed for 18 months for conspiracy to hack phones in July 2014.
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