Two big media names have gotten the ax.

Eliot Spitzer‘s comeback vehicle In The Arena was cancelled. CNN’s evening schedule has already been reworked and Spitzer said his final good-byes last night.

And today we have bombshell news that Sunday’s issue of News of the World will be the paper’s last. The British outlet, which has been publishing for 168 years and is currently owned by News Corp., has succumbed to the pressures of an ongoing investigation into allegations that the paper is tied a phone hacking scandal involving a 13-year-old murdered girl and families of soldiers killed in Iraq and Afghanistan.

The Guardian has the complete statement, which was delivered by James Murdoch, News Corp.’s deputy chief operating officer, Rupert’s son, and the person next in line for News Corp. leadership.

Also news today that kidnap victim Elizabeth Smart is joining ABC News, working on stories involving missing persons.

Click through for more of this week’s media changes.

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