Rupert Murdoch Loses Money On UK Papers

4:27 pm EST March 23rd, 2010 | Media | 2 Comments

Remember he’s a genius! And he’s going to close off his papers to Google and charge for them. Genius!

Losses at Times Newspapers Limited widened from £51.3m in the previous year, dragging Rupert Murdoch’s entire British newspaper empire to a £4.5m pre-tax loss.

Newscorp Investments, the holding company which owns The Sun, The News of the World, The Times, The Sunday Times, had made a £131.5m profit in the same period in 2008.
 
Revenue dropped to £1.35bn compared to £1.43bn in 2008.

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2 Responses to “Rupert Murdoch Loses Money On UK Papers”

  1. Repack Rider says:
    March 23, 2010 at 4:36 pm

    He could always sell off a few of the politicians he owns, but he had better hurry. The value on Republicans is dropping faster than David Vitter’s diaper in the presence of a hooker and a hundred dollar bill.

  2. jrfunkenstein says:
    March 24, 2010 at 12:12 pm

    No matter how much they cost, any of Murdoch’s publications are too expensive for toilet paper.

    I can’t wait for the numbers on his internet charging scheme; what a maroon.