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Rupert Murdoch Papers Post A Loss

The publisher of the Sun has recorded a loss of more than GBP250m after making a huge write-down and paying out further costs associated with phone hacking and payments to public officials. The Sun incurred one-off charges during the year ending June 2015 of GBP277m in total once legal fees and compensation for loss of office was included. The bulk of the write-down – some GBP204m – relates to diminution of the value of the Sun’s masthead, or publishing rights going forward.

Read the whole story at The Guardian »

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