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-   -   The Sun records £68 Million in losses (https://www.thisisbigbrother.com/forums/showthread.php?t=365301)

Smithy 23-02-2020 04:19 PM

The Sun records £68 Million in losses
 
Quote:

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- 23-02-2020 04:24 PM

https://media1.giphy.com/media/143WA...&rid=giphy.gif

arista 23-02-2020 04:25 PM

Thats Not alot of Cash
for the Owner

Nicky91 23-02-2020 04:29 PM

no link, so fake news

Tom4784 23-02-2020 04:36 PM

You love to see it!

Smithy 23-02-2020 04:42 PM

Quote:

Originally Posted by Nicky91 (Post 10785314)
no link, so fake news

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

Mitchell 23-02-2020 04:53 PM

Karma is a female dog x

Amy Jade 23-02-2020 04:54 PM

https://media.tenor.com/images/8020b...74c3/tenor.gif

Quote:

Originally Posted by Smithy (Post 10785318)
Yeah, just spent half an hour typing this up for fun

:laugh2:

Jake. 23-02-2020 04:54 PM

Quote:

Originally Posted by Smithy (Post 10785318)
Yeah, just spent half an hour typing this up for fun

bye

arista 23-02-2020 04:55 PM

Quote:

Originally Posted by Smithy (Post 10785318)
Yeah, just spent half an hour typing this up for fun



How Nice

Mitchell 23-02-2020 04:55 PM

Quote:

Originally Posted by Smithy (Post 10785318)
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 23-02-2020 05:01 PM

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! 23-02-2020 05:28 PM

https://media1.tenor.com/images/adf8...itemid=8335304

Matthew. 23-02-2020 05:34 PM

Good stuff :clap1:

Oliver_W 23-02-2020 05:47 PM

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 23-02-2020 05:56 PM

https://www.theguardian.com/media/20...acking-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 23-02-2020 06:19 PM

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

MB. 23-02-2020 06:21 PM

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

Marsh. 23-02-2020 07:13 PM

Quote:

Originally Posted by Mitchell (Post 10785330)
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 23-02-2020 08:13 PM

Good.

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

Mystic Mock 23-02-2020 08:15 PM

Quote:

Originally Posted by Big Evil (Post 10785389)
Looks like things aren’t looking to ‘bright’ are they? :hehe:

:joker:

arista 23-02-2020 09:31 PM

Quote:

Originally Posted by Nicky91 (Post 10785314)
no link, so fake news

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

Crimson Dynamo 23-02-2020 09:42 PM

I'm laughing that people vthink this is bad

Twosugars 23-02-2020 10:11 PM

Quote:

Originally Posted by LeatherTrumpet (Post 10785577)
I'm laughing that people vthink this is bad

Oh no, this is very good news :hee:

Crimson Dynamo 23-02-2020 10:15 PM

Quote:

Originally Posted by Twosugars (Post 10785603)
Oh no, this is very good news :hee:

You don't understand business. It's ok

Twosugars 23-02-2020 10:54 PM

Quote:

Originally Posted by LeatherTrumpet (Post 10785605)
You don't understand business. It's ok

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

Glenn. 24-02-2020 02:14 AM

What a time to be alive

Denver 24-02-2020 02:34 AM

They deserve it for Bullying Tulisa

bots 24-02-2020 05:00 AM

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 24-02-2020 05:41 AM

Quote:

Originally Posted by James (Post 10785334)
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 24-02-2020 05:59 AM

Quote:

Originally Posted by James (Post 10785334)
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 24-02-2020 06:36 AM

Quote:

Originally Posted by WickedSkengMan (Post 10785666)
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 24-02-2020 07:09 AM

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 24-02-2020 11:36 AM

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

Wizard. 24-02-2020 01:13 PM

Good I hope they are MC Hammer broke!

arista 24-02-2020 01:24 PM

Quote:

Originally Posted by Wizard. (Post 10785820)
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/cp...980_thesun.jpg

Crimson Dynamo 24-02-2020 01:31 PM

Quote:

Originally Posted by arista (Post 10785825)
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/cp...980_thesun.jpg

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

Jay28jay2 24-02-2020 06:10 PM

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 24-02-2020 06:42 PM

Quote:

Originally Posted by Jay28jay2 (Post 10785995)
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


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