Fighting for quality news media in the digital age.

  1. News
July 8, 2021updated 30 Sep 2022 10:26am

News of the World closure ten years on: How hacking scandal cost Murdoch’s UK tabloid business £1bn

By William Turvill

The phone-hacking scandal and subsequent legal issues have cost Rupert Murdoch’s UK publishing business more than £1bn ($1.4bn), an investigation by Press Gazette has found.

And, ten years on from the closure of the News of the World, News Group Newspapers (NGN) – the UK tabloid publishing arm of News Corp – is still enduring the financial fallout.

NGN racked up more hacking and related expenses in 2020 – around £80m – than in any year since 2014 thanks to ongoing legal cases. This is not evidence of an increase in claims – News Corp is hopeful it is approaching the “tail end of litigation” – but it does demonstrate that the expensive saga is ongoing.

You've reached your limit of free articles

Please register now to continue reading

Already registered? Log in here
Websites in our network