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Hacking Legal Bills Hurt New Corp Revenues

News Corp revenues fell 3% in the last quarter, the company said amid a "challenging advertising environment" and declines in circulation revenues. The company reported another $32m (£19m) in gross legal fees and costs related to the hacking scandal at its UK newspaper division. The bill for the solicitors and barristers who have been dealing with both criminal and civil cases in the Old Bailey and the high court over the last year brings now stands at $169m (£100m) for the last financial year.

Read the whole story at The Guardian »

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