Staff at the News Corporation-owned news agency Storyful shared bonus payments of €1.65 million over the past three years. Photograph: Erik McGregor/LightRocket via Getty Images)
The accounts show that pretax losses at the business last year narrowed by 22 per cent from €3.96 million to €3.08 million. Storyful Ltd is owned by New Corporation. The firm’s administrative expenses reduced from €6.37 million to €5.23 million and, in a note with the accounts, the directors said that “these expenses continued to be tightly controlled and are driven primarily by payroll costs and amortisation”.
Former RTÉ Prime Time presenter Mark Little set up the company in 2010 and Mr Little and the company’s investors sold it to News Corporation for €18 million in December 2013.
Source: News Formal (newsformal.com)
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