Tuesday, 6 January 2015

News Corp UK suffers £3.5m loss after £51m profit the year before

profits for news corp has falled from £63.1 million in 2013 to £35.6 million.The sun revealed that 225,000 subscribers had signed up for online packages, which was regarded as a success, but was not enough for the continuing decline in print revenues.The company suffered further legal costs of £17.1m due to the activities that resulted from its post-hacking decision to set up the management and standards committeeNews Corp UK posted a loss of £75.5m before tax in the 12 months to June 2014, compared to £75.3m in the previous year.

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