Rupert Murdoch Britain USA Rupert Murdoch Britain USA

Rupert Murdoch’s The Sun Now Worth Less Than a Copy of the UK Tabloid

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According to the Financial Times, the Sun’s turnover plummeted “£324m in the financial year to June 2020.” In American dollars, that’s about $457 million.According to Bloomberg, the Sun was the U.K.’s most widely read paper for four decades, but the Daily Mail took that spot last year.Friday’s news also revealed that the company increased the financial amount set aside for legal provisions associated with accusations of phone hacking.

The amount is now up to £52 million. In 2019, it was £27 million. (Here is a timeline of News Corp.’s phone-hacking scandal.)Representatives for News Corp.

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