Comment deleted by Site Moderator
Comment deleted by Site Moderator
Comment deleted by Site Moderator
"Rupert Murdoch has written down the value of The Sun newspapers to zero, acknowledging the tabloid brand that helped build his global media empire has become a worthless asset.
The Sun titles, whose accounts were published on Friday, suffered badly as the pandemic hit print advertising and circulation, with its turnover falling more than a fifth to £324m in the financial year to June 2020.
The bleak year left News Group Newspapers, a subsidiary of Murdoch’s NewsCorp that operates The Sun and The Sun on Sunday, nursing a pre-tax loss of £201m, even after slashing its costs and marketing.
The grim medium-term outlook for the print revenues, which carried the business through its heyday, forced the company to write down the asset by £84m, an impairment that left The Sun brand with zero carrying value.
The estimate of The Sun’s asset value was based on the assumption that the titles, according to management estimates in the accounts, would not return to positive growth.
Other one-off charges included £80m of legal costs relating to the phone hacking scandal, including £52m of fees and damages paid to civil claimants. Total legal charges amounted to £54m in 2019.
The accounts mark one of the worst years in the history of The Sun, which under Murdoch became Britain’s best-selling daily newspaper, with formidable political sway and a circulation that peaked at close to 5m in the mid-1990s.
After 42 years as the UK’s best-selling newspaper, The Sun lost its title to the Daily Mail last year, with its circulation — which is no longer made public — falling below 1m daily copies on average. NewsUK said The Sun’s brands reached 36.5m adults in the UK via its print titles and website.
The Sun has experimented with various digital business models to try to make up for the decline of its core business, including an online paywall that it introduced for two years and then dropped in 2015. NewsUK, the operating company for Murdoch’s UK businesses, has tried to expand The Sun brand into audio, betting and gaming.
“Our priority is to sustain our market-leading position as the number-one news brand in the UK by ensuring the proposition maintains its relevance for readers,” the company said in its accounts, noting The Sun Online continued to be a “key growth area”.
“While adverse changes caused by Covid-19 are expected to continue impacting the company’s performance in the fiscal year 2021, the rate and magnitude of the impacts should gradually slow,” it added.
NewsUK declined to comment."
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Comment deleted by Site Moderator
Comment deleted by Site Moderator
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Comment deleted by Site Moderator
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Comment deleted by Site Moderator
Comment deleted by Site Moderator
comment by Hector (U3606)
posted 35 minutes ago
"Rupert Murdoch has written down the value of The Sun newspapers to zero, acknowledging the tabloid brand that helped build his global media empire has become a worthless asset.
The Sun titles, whose accounts were published on Friday, suffered badly as the pandemic hit print advertising and circulation, with its turnover falling more than a fifth to £324m in the financial year to June 2020.
The bleak year left News Group Newspapers, a subsidiary of Murdoch’s NewsCorp that operates The Sun and The Sun on Sunday, nursing a pre-tax loss of £201m, even after slashing its costs and marketing.
The grim medium-term outlook for the print revenues, which carried the business through its heyday, forced the company to write down the asset by £84m, an impairment that left The Sun brand with zero carrying value.
The estimate of The Sun’s asset value was based on the assumption that the titles, according to management estimates in the accounts, would not return to positive growth.
Other one-off charges included £80m of legal costs relating to the phone hacking scandal, including £52m of fees and damages paid to civil claimants. Total legal charges amounted to £54m in 2019.
The accounts mark one of the worst years in the history of The Sun, which under Murdoch became Britain’s best-selling daily newspaper, with formidable political sway and a circulation that peaked at close to 5m in the mid-1990s.
After 42 years as the UK’s best-selling newspaper, The Sun lost its title to the Daily Mail last year, with its circulation — which is no longer made public — falling below 1m daily copies on average. NewsUK said The Sun’s brands reached 36.5m adults in the UK via its print titles and website.
The Sun has experimented with various digital business models to try to make up for the decline of its core business, including an online paywall that it introduced for two years and then dropped in 2015. NewsUK, the operating company for Murdoch’s UK businesses, has tried to expand The Sun brand into audio, betting and gaming.
“Our priority is to sustain our market-leading position as the number-one news brand in the UK by ensuring the proposition maintains its relevance for readers,” the company said in its accounts, noting The Sun Online continued to be a “key growth area”.
“While adverse changes caused by Covid-19 are expected to continue impacting the company’s performance in the fiscal year 2021, the rate and magnitude of the impacts should gradually slow,” it added.
NewsUK declined to comment."
----------------------------------------------------------------------
Good! Dirty rag
comment by bmcl1987 (U14177)
posted 5 hours, 29 minutes ago
comment by Admin1 (U1)
posted 12 minutes ago
I sent comment earlier.
Was gonna say stochastic testing would be interesting to see how dose #s and the age range of the new delta cases
----------------------------------------------------------------------
👍 oh and on the % vaccinated different ages I think in post 5/12 the person references another thread which goes into some useful info on that.
----------------------------------------------------------------------
Just about to give it a read.
6 whites and 1 japanese for g7, disgusting.
Comment deleted by Site Moderator
🚨🇪🇺 | NEW: The EU is set to sue the EU over what lawmakers say is its failure to uphold the rule of law
Via @Reuters
Boris Johnson has suggested the world's leading nations should support a more 'gender-neutral and feminine' way of post-COVID economic recovery.
Gender neutral and feminism doesnt go hand in hand ffs 😂
Comment deleted by Site Moderator
Comment deleted by Site Moderator
Comment deleted by Site Moderator
Comment deleted by Site Moderator
comment by Zachsda( He’s The Greek Pedro) (U1850)
posted 5 minutes ago
comment by The Crystal Skull from thon Indiana Jones Disa... (U21917)
posted 1 hour, 11 minutes ago
comment by De Gea's Legs (U14210)
posted 12 minutes ago
Boris Johnson has suggested the world's leading nations should support a more 'gender-neutral and feminine' way of post-COVID economic recovery.
Gender neutral and feminism doesnt go hand in hand ffs 😂
----------------------------------------------------------------------
Oh and we woll now surely have Boris Johnson starting a culture war debate.
feminine and feminism are also two seperate things.
----------------------------------------------------------------------
Tell me about it
One wears a strap on the other one is a noisy bastirt
----------------------------------------------------------------------
That's not funny.
Oh sorry. Was doing lesbianism. Ignore.
Comment deleted by Site Moderator
comment by Zachsda( He’s The Greek Pedro) (U1850)
posted 21 minutes ago
comment by The Crystal Skull from thon Indiana Jones Disa... (U21917)
posted 1 hour, 11 minutes ago
comment by De Gea's Legs (U14210)
posted 12 minutes ago
Boris Johnson has suggested the world's leading nations should support a more 'gender-neutral and feminine' way of post-COVID economic recovery.
Gender neutral and feminism doesnt go hand in hand ffs 😂
----------------------------------------------------------------------
Oh and we woll now surely have Boris Johnson starting a culture war debate.
feminine and feminism are also two seperate things.
----------------------------------------------------------------------
Tell me about it
One wears a strap on the other one is a noisy bastirt
----------------------------------------------------------------------
If you’re not doing both you’re doing it wrong
Sign in if you want to comment
Arguing w/strangers cause I'm lonely thread
Page 1131 of 4129
1132 | 1133 | 1134 | 1135 | 1136
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
"Rupert Murdoch has written down the value of The Sun newspapers to zero, acknowledging the tabloid brand that helped build his global media empire has become a worthless asset.
The Sun titles, whose accounts were published on Friday, suffered badly as the pandemic hit print advertising and circulation, with its turnover falling more than a fifth to £324m in the financial year to June 2020.
The bleak year left News Group Newspapers, a subsidiary of Murdoch’s NewsCorp that operates The Sun and The Sun on Sunday, nursing a pre-tax loss of £201m, even after slashing its costs and marketing.
The grim medium-term outlook for the print revenues, which carried the business through its heyday, forced the company to write down the asset by £84m, an impairment that left The Sun brand with zero carrying value.
The estimate of The Sun’s asset value was based on the assumption that the titles, according to management estimates in the accounts, would not return to positive growth.
Other one-off charges included £80m of legal costs relating to the phone hacking scandal, including £52m of fees and damages paid to civil claimants. Total legal charges amounted to £54m in 2019.
The accounts mark one of the worst years in the history of The Sun, which under Murdoch became Britain’s best-selling daily newspaper, with formidable political sway and a circulation that peaked at close to 5m in the mid-1990s.
After 42 years as the UK’s best-selling newspaper, The Sun lost its title to the Daily Mail last year, with its circulation — which is no longer made public — falling below 1m daily copies on average. NewsUK said The Sun’s brands reached 36.5m adults in the UK via its print titles and website.
The Sun has experimented with various digital business models to try to make up for the decline of its core business, including an online paywall that it introduced for two years and then dropped in 2015. NewsUK, the operating company for Murdoch’s UK businesses, has tried to expand The Sun brand into audio, betting and gaming.
“Our priority is to sustain our market-leading position as the number-one news brand in the UK by ensuring the proposition maintains its relevance for readers,” the company said in its accounts, noting The Sun Online continued to be a “key growth area”.
“While adverse changes caused by Covid-19 are expected to continue impacting the company’s performance in the fiscal year 2021, the rate and magnitude of the impacts should gradually slow,” it added.
NewsUK declined to comment."
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
comment by Hector (U3606)
posted 35 minutes ago
"Rupert Murdoch has written down the value of The Sun newspapers to zero, acknowledging the tabloid brand that helped build his global media empire has become a worthless asset.
The Sun titles, whose accounts were published on Friday, suffered badly as the pandemic hit print advertising and circulation, with its turnover falling more than a fifth to £324m in the financial year to June 2020.
The bleak year left News Group Newspapers, a subsidiary of Murdoch’s NewsCorp that operates The Sun and The Sun on Sunday, nursing a pre-tax loss of £201m, even after slashing its costs and marketing.
The grim medium-term outlook for the print revenues, which carried the business through its heyday, forced the company to write down the asset by £84m, an impairment that left The Sun brand with zero carrying value.
The estimate of The Sun’s asset value was based on the assumption that the titles, according to management estimates in the accounts, would not return to positive growth.
Other one-off charges included £80m of legal costs relating to the phone hacking scandal, including £52m of fees and damages paid to civil claimants. Total legal charges amounted to £54m in 2019.
The accounts mark one of the worst years in the history of The Sun, which under Murdoch became Britain’s best-selling daily newspaper, with formidable political sway and a circulation that peaked at close to 5m in the mid-1990s.
After 42 years as the UK’s best-selling newspaper, The Sun lost its title to the Daily Mail last year, with its circulation — which is no longer made public — falling below 1m daily copies on average. NewsUK said The Sun’s brands reached 36.5m adults in the UK via its print titles and website.
The Sun has experimented with various digital business models to try to make up for the decline of its core business, including an online paywall that it introduced for two years and then dropped in 2015. NewsUK, the operating company for Murdoch’s UK businesses, has tried to expand The Sun brand into audio, betting and gaming.
“Our priority is to sustain our market-leading position as the number-one news brand in the UK by ensuring the proposition maintains its relevance for readers,” the company said in its accounts, noting The Sun Online continued to be a “key growth area”.
“While adverse changes caused by Covid-19 are expected to continue impacting the company’s performance in the fiscal year 2021, the rate and magnitude of the impacts should gradually slow,” it added.
NewsUK declined to comment."
----------------------------------------------------------------------
Good! Dirty rag
posted on 11/6/21
comment by bmcl1987 (U14177)
posted 5 hours, 29 minutes ago
comment by Admin1 (U1)
posted 12 minutes ago
I sent comment earlier.
Was gonna say stochastic testing would be interesting to see how dose #s and the age range of the new delta cases
----------------------------------------------------------------------
👍 oh and on the % vaccinated different ages I think in post 5/12 the person references another thread which goes into some useful info on that.
----------------------------------------------------------------------
Just about to give it a read.
posted on 11/6/21
6 whites and 1 japanese for g7, disgusting.
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
🚨🇪🇺 | NEW: The EU is set to sue the EU over what lawmakers say is its failure to uphold the rule of law
Via @Reuters
posted on 11/6/21
Boris Johnson has suggested the world's leading nations should support a more 'gender-neutral and feminine' way of post-COVID economic recovery.
Gender neutral and feminism doesnt go hand in hand ffs 😂
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
comment by Zachsda( He’s The Greek Pedro) (U1850)
posted 5 minutes ago
comment by The Crystal Skull from thon Indiana Jones Disa... (U21917)
posted 1 hour, 11 minutes ago
comment by De Gea's Legs (U14210)
posted 12 minutes ago
Boris Johnson has suggested the world's leading nations should support a more 'gender-neutral and feminine' way of post-COVID economic recovery.
Gender neutral and feminism doesnt go hand in hand ffs 😂
----------------------------------------------------------------------
Oh and we woll now surely have Boris Johnson starting a culture war debate.
feminine and feminism are also two seperate things.
----------------------------------------------------------------------
Tell me about it
One wears a strap on the other one is a noisy bastirt
----------------------------------------------------------------------
That's not funny.
Oh sorry. Was doing lesbianism. Ignore.
posted on 11/6/21
Comment deleted by Site Moderator
posted on 11/6/21
comment by Zachsda( He’s The Greek Pedro) (U1850)
posted 21 minutes ago
comment by The Crystal Skull from thon Indiana Jones Disa... (U21917)
posted 1 hour, 11 minutes ago
comment by De Gea's Legs (U14210)
posted 12 minutes ago
Boris Johnson has suggested the world's leading nations should support a more 'gender-neutral and feminine' way of post-COVID economic recovery.
Gender neutral and feminism doesnt go hand in hand ffs 😂
----------------------------------------------------------------------
Oh and we woll now surely have Boris Johnson starting a culture war debate.
feminine and feminism are also two seperate things.
----------------------------------------------------------------------
Tell me about it
One wears a strap on the other one is a noisy bastirt
----------------------------------------------------------------------
If you’re not doing both you’re doing it wrong
Page 1131 of 4129
1132 | 1133 | 1134 | 1135 | 1136