Publisher Reach Cuts Sum for Phone-Hacking Payouts Amid Profits Fall
Tuesday, 5 March 2024, 12:24
Publisher Reach Cuts Provision for Legal Claims
Recent high court case clarifies time limit for cases, as the group reports a dip in profits due to an advertising downturn. Reach, the parent company of various newspapers in the UK, including the Mirror and Express, reduces set-aside amount by £20m.
Group Seeks Closure Amid Legal Controversy
Owner of multiple newspapers and websites reduces the provision for phone-hacking and information-gathering claims to £18.2m, emphasizing it as the calculated sum required to settle the ongoing legal battle.
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.