The Sun records £51m loss as publisher fights costly phone-hacking cases

27 comments
  1. > The Sun recorded a loss of £51m last year as the pandemic and a shift of advertising spend online hurt its newspapers, while its parent company sought to end the phone hacking legal cases that have cost it hundreds of millions of pounds over the past 15 years.

    >Rupert Murdoch’s News Group Newspapers, which publishes the Sun and retains liability for the activities of the defunct News of the World, spent £49m on legal fees and damages relating to historical phone-hacking allegations in the year to 27 June 2021. This compares with the £80m NGN spent the previous year.

    > The financial filings show the unnamed highest-paid director of NGN – most likely Rebekah Brooks, the chief executive of parent company News UK – received a 50% increase in remuneration last year to £3.6m.

    >On Thursday, NGN is beginning a two-day hearing at the high court in an attempt to bring an end to the ongoing managed hearings where new potential claimants start legal action each year.

    >There have been hundreds of cases lodged over the past 15 years – in December NGN agreed a substantial settlement with the actor Sienna Miller to ensure her hacking claims did not go to trial – with lawyers saying there could still be thousands of potential victims still to come forward.

    >In terms of the Sun’s financial performance, the company said that turnover fell from £324m to £318.6m in the last year. The company said digital advertising and “other customer revenues”, including its betting and gaming operations, were able to “partly offset the losses in print”.

  2. pretty sure Piers Morgan was the editor at time of the hacking stuff. Slippery guy and proof that crime does pay.

  3. Good news but it won’t go out of business

    If it did, its related companies won’t so it’s just the same thing

  4. £51m is nothing for Murdoch to pay in order to direct the counrty’s ire at <checks notes for this week’s target> “The EU”..

  5. Wouldn’t piss on any of them if they were on fire, one of the few places where i wouldn’t complain or feel sorry for them if it went belly up and everyone lost their jobs.

  6. What can we all do as a country to get the sun off our shores?? Lol I jest, it will only come back as the moon news or something ridiculous like that, completely enabled and enacted upon by the tories lmao.

    Be careful where you click gang, clicks pay journalists’ wages these days; be aware of what media you consume!

  7. A free press is vitally important to a functioning democracy. However, in the case of that piece of shit rag I’m willing to make an exception… I hope it sinks without trace.

  8. Ahhh if the sun went out of business I’d probably have a wank. Let it crash the absolute piece of filth.

    Don’t ever forget Hillsborough. Don’t ever buy the sun.

  9. It isn’t a £51m loss, it’s paying £51m to influence a good percentage of the British working class. £51m is nothing if you get the party you want elected and the policies you want enacted in return.

    Party leaders regularly meet with Murdoch and there’s a reason why politicians who don’t meet with him are painted in a bad light in his “newspapers”.

  10. The sun is a very nasty piece of work. Intelligent journalists writing in a banter style to fool the readers that the writers are working class grunts.
    Just like the daily fail, they manipulate statistics and quote stuff out of context to deliberately mislead their readers.
    This truly is fake news and often includes incitement to hatred.
    Don’t buy the sun.

  11. It can lose that amount in perpetuity sadly. It’s not a commercial endeavour in and of itself. It’s a means for the murdoch press to control politicians. And that’s worth £50mil to the right people.

  12. I almost feel sorry for them, no i am telling lies, i am very happy murdock is losing money, fuck that cunt.

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