Rupert Murdoch’s The Sun, UK’s biggest newspaper for decades, is now worth zero

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Rupert Murdoch’s News Corp wrote down the value of its once high-flying The Sun title to zero, underscoring the dramatic decline in Britain’s newspaper industry.

title to zero, underscoring the dramatic decline in Britain’s newspaper industry.

The tabloid’s blend of gossip and right-wing political coverage has made it Britain’s most widely read paper for more than four decades, until the rivalRupert Murdoch’s News Corp has written down the value of its once high-flying The Sun title to zero.

The company also raised the amount set aside for legal provisions for the phone hacking claims to £52 million, up from £27 million in 2019.The paper said it has settled, or is in the process of settling, most claims linked to the hacking scandal and inappropriate payments to public officials. It has not made provisions for outstanding claims that haven’t yet led to court proceedings.

 

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The paper is pile of steaming 💩

Hopefully, underscoring the dramatic decline of Rupert Murdoch & Newscorp, too.

So did the Liverpudlians

Don’t buy, don’t read, don’t care. Good

Brilliant, now let’s do the same thing to all Murdoch, Nine Media and Stokes media outlets. Don’t buy The Sun, don’t buy the SMH, don’t buy Liberal Party media.

He is the cause of decline with low and sub standard reporting

We can only hope theheraldsun & australian are soon to follow 🤣🤣🤣

LyndaFrench19 We've got a few more to go...but we'll get there...

Ran out of page 3 tits?

It's just disappointing that he still controls the online news space as well.

I'm sure the payout for the disgraceful phone hacking scandal has something to do with it.

LyndaFrench19

Not newspapers, but Murdoch's News Corp. Stupidly sold 20th Century Fox cash cow & back catalogue 2 Disney. Boycott News Ltd & associated media: Fox, Foxtel, WSJ & ALL the local newspapers no longer physically published, now all online.

It’s nice to see people are waking up to this dictator.

Excellent news.

Rupert is the problem with the world.

Bye bye Murdoch, good riddance

Good. I hope all his media go bankrupt. I suspect The Australian will go the same way, Murdoch isn't interested in making money, he's got enough of that, he's just running insolvent media businesses purely to influence politics so he can push his own warped ideology. 🐝

Conservative media has a lot to answer for

But it can still convince gammons to re-elect Tories to huge majorities

Any News Ltd rag is worthless.

And that is too much..

👍

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