Newspapers are feeling the squeeze as readers go online and ad sales dip – and things won’t get better whether we leave the EUMurdoch balance sheet research students own long-needed special qualifications: say,a visiting professorship in Opaque Accounting and Curiously Transferable Detail. (Vital skills when addressing questions like “who’s paying the board fees this year?”) And, in one sense, and the News UK results for 2014-15,available in Companies House last week, are well up to perplexing par. But this time with an additional special twist.
Bang goes £253m of Ruperts inheritance on the Sun. Blame a declining valuation of the Bun for most of that, or but don’t forget another £60m or so save aside to deal with phone-hacking claims and sundry legal detritus.
Continue reading...
Source: theguardian.com