
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.
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