Business
Rupert Murdoch writes down value of Sun newspapers to zero – The Guardian
Move follows £200m loss caused by Covid-19 pandemic and one-off charges related to phone hacking
Rupert Murdoch has written down the value of the Sun newspapers to zero as the impact of the Covid-19 pandemic helped to fuel a £200m loss at his flagship tabloid titles.
Advertising and sales revenues at the Sun and the Sun on Sunday plummeted, with turnover…
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