News of the World Closure Triggers £244m Write-Off

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By: Mark Sweney | The Guardian

The closure of News of the World has so far triggered charges of almost £250m, with its publisher admitting that the final total could well be significantly more.

News Group Newspapers, the parent company of the Sun and now-defunct News of the World, said that write-offs arising from paper's shutdown have hit £244m – but admitted that tens of millions in legal fees could just be the tip of the iceberg.
































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