Rupert Murdoch Writes Down Value of Sun Newspapers to Zero

Posted Tuesday, June 15, 2021 11:16 am

Mark Sweney | Guardian

Rupert Murdoch has written down the value of the Sun newspapers to zero as the impact of the Covid-19 pandemic helped to fuel a £200m loss at his flagship tabloid titles.

Advertising and sales revenues at the Sun and the Sun on Sunday plummeted, with turnover falling by 23% from £419.9m to £324m in the year to the end of June 2020.

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Rupert Murdoch Writes Down Value of Sun Newspapers to Zero

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