The Sun Reports £66m Loss Amidst Phone-hacking Fallout
Tuesday, 9 April 2024, 14:02
The Sun's Financial Struggles
The Sun has reported a £66m loss last year, adding to the total deficit of £54m due to costs from the phone-hacking scandal. This has contributed to a decline in the newspaper's online audience by 4 million readers.
Continued Decline in Print Sales
The Murdoch-owned tabloid has now reached a total loss of £515m over the past five years, primarily from declining print sales and hefty payments for damages to victims of illegal information gathering.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.