www.rtve.es) of the recent demise of the News Of The World, an interesting phrase I came across was 'News Of The World se despide'. This is a good opportunity to mention reflexive verbs, as well as the verb 'despedir', which has a few related meanings.
Basically 'despedir' means 'to dismiss'. Depending on the context this can mean anything from 'to say goodbye' to 'to sack/fire somebody'. A 'fiesta de despedido' is a leaving party for example. Used reflexively (when the verb refers to itself - me despido, se despide etc.) it means to dismiss oneself. Usually this means to quit, leave or resign. In this case of course it means the newspaper is closing itself down.