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News UK Posts Loss, The Sun Profits Nearly Halved

Rupert Murdoch’s British newspaper and publishing division suffered an operating loss of £3.5m in the year up to June 2014 compared to a £51m profit the year before. The loss by News Corp UK & Ireland, which owns the Times, Sunday Times, the Sun and the book publisher HarperCollins, is revealed in accounts filed by the company, without fanfare, at Companies House. One stand-out feature was the plunge in the profitability of the Sun, where operating profits were down to £35.6m from £62.1m in 2013.

Read the whole story at The Guardian »

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