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'The Sun' And The 'Times' Reveal Losses

The Sun made a loss of more than GBP60m last year as steep declines in print advertising, redundancy costs and phone-hacking charges battered the tabloid. Its stablemate the Times also slipped into the red, reporting a pretax loss of GBP5m in the year to 3 July, down from a profit of GBP8.8m in 2015, in part due to racking up GBP13.7m in redundancy restructuring costs.

Read the whole story at The Guardian »

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