The Sun records £68 Million in losses

[Smithy]

The Sun recorded a loss of £68m last year amid falling print sales and the enormous cost of phone-hacking claims against its parent company from figures including Sir Elton John and Heather Mills.

Rupert Murdoch’s News Group Newspapers, which publishes the Sun and retains liability for the activities of the News of the World, spent an enormous £54m on legal fees and damages related to the illegal interception of voicemails.

The figures, which cover the 12 months to July 2019, were revealed in accounts filed this weekend. They show that more a decade after the phone-hacking scandal began, the company is still spending an eighth of its revenue dealing with the fallout, as new cases involving the likes of Prince Harry continue to be filed at the high court.

Lawyers for phone-hacking victims have previously used pre-trial hearings to claim that phone hacking was widespread at the Sun but these cases have always been settled before going to trial, avoiding the need for the claims to be tested in court.
Settlements between News Group Newspapers and phone hacking victims usually include a statement that it was journalists at the News of the World, not the Sun, who were responsible for intercepting voicemails. The company has always said voicemail interception was limited to the defunct Sunday newspaper and did not take place at the Sun.

:cheer:

[Liam-]

https://media1.giphy.com/media/143WAqb351Q1Vu/giphy.gif?cid=19f5b51a13f16d5fe33696362cba31ef4055 7eb2dc759405&rid=giphy.gif

[arista]

Thats Not alot of Cash
for the Owner

[Nicky91]

no link, so fake news

[Tom4784]

You love to see it!

[Smithy]

no link, so fake news

Yeah, just spent half an hour typing this up for fun

[Mitchell]

Karma is a female dog x

[Amy Jade]

https://media.tenor.com/images/8020b4c74e9f71779b63569d1dd874c3/tenor.gif

Yeah, just spent half an hour typing this up for fun
:laugh2:

[Jake.]

Yeah, just spent half an hour typing this up for fun

bye

[arista]

Yeah, just spent half an hour typing this up for fun



How Nice

[Mitchell]

Yeah, just spent half an hour typing this up for fun

Can you not respect Nicky please.

He’s the one who broke the news that Katherine Jenkins is just a character played by Idina Menzel, your journalistic skills scalped?

[James]

A lot of newspapers are in financial trouble. People just don't want to pay for things (like news) they can get for free on the Internet.

[Greg!]

https://media1.tenor.com/images/adf8a4c88fc258d00288b72b7f6f043e/tenor.gif?itemid=8335304

[Matthew.]

Good stuff :clap1:

[Oliver_W]

Let the free market kill it - if no-one buys it, it will be hoisted on its own petard of phone hacking and attacking celebrities. etc.

Anyone wanna bet they'll get a bailout?

[Twosugars]

https://www.theguardian.com/media/2020/feb/23/the-sun-records-huge-loss-amid-falling-print-sales-phone-hacking-damages

Link to the piece Smithy laboriously typed up. There is more there.


But let's take a moment to celebrate the failing Scum losing money :clap1:

[Dogeatdog]

Looks like things aren’t looking to ‘bright’ are they? :hehe:

[MB.]

I'm supposed to feel sorry for that bitch? I don't!

[Marsh.]

Can you not respect Nicky please.

He’s the one who broke the news that Katherine Jenkins is just a character played by Idina Menzel, your journalistic skills scalped?

:laugh2:

[Mystic Mock]

Good.

I don't normally cheer at a company losing money, but in this case I'll make an exception.

[Mystic Mock]

Looks like things aren’t looking to ‘bright’ are they? :hehe:

:joker:

[arista]

no link, so fake news

There is a link
https://www.bbc.co.uk/news/business-51608099

[Crimson Dynamo]

I'm laughing that people vthink this is bad

[Twosugars]

I'm laughing that people vthink this is bad

Oh no, this is very good news :hee:

[Crimson Dynamo]

Oh no, this is very good news :hee:

You don't understand business. It's ok

[Twosugars]

You don't understand business. It's ok

Failing nasty rag losing money, what's not to celebrate :dance:

[Glenn.]

What a time to be alive

[Denver]

They deserve it for Bullying Tulisa

[bots]

this is largely due to a write off of legal costs, and the Sun group will have gained much more than 68 million over the years in the sales their tactics generated. By writing it off now, they make a rather large tax saving too, so I wouldn't be too smug about it.

[Kizzy]

A lot of newspapers are in financial trouble. People just don't want to pay for things (like news) they can get for free on the Internet.

The sun was given away for free at most it's been what...20p?
It's not sales that's affected the propaganda filled rag this badly.

[Ammi]

A lot of newspapers are in financial trouble. People just don't want to pay for things (like news) they can get for free on the Internet.

...online usage is changing as well I think and I think will also decline because social media seems to be taking over as a news source as well...articles are copied and pasted onto there from what I can see...

[Mystic Mock]

They deserve it for Bullying Tulisa

She's just one of many victims with this scummy Newspaper.

I honestly can't believe that they might finally be losing a bit of power in this country.:dance:

[Crimson Dynamo]

Despite falling sales of the print edition, News Group Newspapers said more people were visiting the Sun's website.

It said 32.8 million adults in the UK visited the site a month, 3.6 million more than the previous year.

BBC

[goldensun]

often think...shall I buy the star or sun... but sun usually feels thicker so I go with the sun

[Wizard.]

Good I hope they are MC Hammer broke!

[arista]

Good I hope they are MC Hammer broke!

No it sells more than
the left wing D. Mirror.


So it Carry's on.


Today's edition has Sold Very Well
https://ichef.bbci.co.uk/news/320/cpsprodpb/2314/production/_111008980_thesun.jpg

[Crimson Dynamo]

No it sells more than
the left wing D. Mirror.


So it Carry's on.


Today's edition has Sold Very Well
https://ichef.bbci.co.uk/news/320/cpsprodpb/2314/production/_111008980_thesun.jpg

Yes Reach Plc own the Mirror/Record, the Express and The Star also OK magazine

[Jay28jay2]

There is currently a trending hashtag "#IBlockedTheSun" which comes from YouTuber JaackMaate. Seems like there is definitely boycotting going on (for the better, and hopefully this encourages changes to be made).

[Crimson Dynamo]

There is currently a trending hashtag "#IBlockedTheSun" which comes from YouTuber JaackMaate. Seems like there is definitely boycotting going on (for the better, and hopefully this encourages changes to be made).

do you mean people who dont read or buy the SUn are now not going to read or buy it?


that is quite the boycott