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Losses Rack Up At 'The Sun' And 'The Times'

The Guardian has been crunching the numbers at The Sun and The Times to find that the decline in print advertising -- and for the former, the cost of phone hacking claims -- will have a major impact. Although The Sun appears to have halved its losses, The Guardian calculates much of this is due to a tax bill which no longer has to be paid. Stripe that out, and the picture is far more bleak.

Read the whole story at The Guardian »

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