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ThisisBigBrother.com - UK TV Forums > Non Big Brother Chat > Serious Debates & News > The Sun records £68 Million in losses
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Old 23-02-2020, 04:19 PM #1
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Default 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.
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Old 23-02-2020, 04:24 PM #2
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Old 23-02-2020, 04:25 PM #3
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Thats Not alot of Cash
for the Owner
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Old 23-02-2020, 04:29 PM #4
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no link, so fake news
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Old 23-02-2020, 04:36 PM #5
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You love to see it!
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Old 23-02-2020, 04:42 PM #6
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Originally Posted by Nicky91 View Post
no link, so fake news
Yeah, just spent half an hour typing this up for fun
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Old 23-02-2020, 04:53 PM #7
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And if not, maybe try your hand at being an author for Mills & Boon.
He/him
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Old 23-02-2020, 04:54 PM #8
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Yeah, just spent half an hour typing this up for fun
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Old 23-02-2020, 04:54 PM #9
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Yeah, just spent half an hour typing this up for fun
bye
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Old 23-02-2020, 04:55 PM #10
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Yeah, just spent half an hour typing this up for fun


How Nice
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Old 23-02-2020, 04:55 PM #11
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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?
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And if not, maybe try your hand at being an author for Mills & Boon.
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Old 23-02-2020, 05:01 PM #12
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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.
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Old 23-02-2020, 05:28 PM #13
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Old 23-02-2020, 05:34 PM #14
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Good stuff
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Old 23-02-2020, 05:47 PM #15
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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?
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Old 23-02-2020, 05:56 PM #16
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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
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Old 23-02-2020, 06:19 PM #17
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Looks like things aren’t looking to ‘bright’ are they?
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Old 23-02-2020, 06:21 PM #18
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Old 23-02-2020, 07:13 PM #19
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Quote:
Originally Posted by Mitchell View Post
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?
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Old 23-02-2020, 08:13 PM #20
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Good.

I don't normally cheer at a company losing money, but in this case I'll make an exception.
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Old 23-02-2020, 08:15 PM #21
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Looks like things aren’t looking to ‘bright’ are they?
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Old 23-02-2020, 09:31 PM #22
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Quote:
Originally Posted by Nicky91 View Post
no link, so fake news
There is a link
https://www.bbc.co.uk/news/business-51608099
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Old 23-02-2020, 09:42 PM #23
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I'm laughing that people vthink this is bad
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Old 23-02-2020, 10:11 PM #24
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I'm laughing that people vthink this is bad
Oh no, this is very good news
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Old 23-02-2020, 10:15 PM #25
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Thumbs down
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Oh no, this is very good news
You don't understand business. It's ok
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