The costs of News Corp.'s phone hacking scandal have reached over a quarter of a billion dollars and counting.
The Independent reports that Rupert Murdoch's media empire faces a £239 million (approximately $379,364,700) loss for the long-running scandal that has plagued the company.
The legal costs associated with phone hacking have totaled approximately $37.7 million thus far, while $88.2 million went to restructuring after the News of the World was shut down in July. News Group, the subsidiary that owned the tabloid, also took a $254 million write-off when the paper closed.
The final bill will be higher, as his company continues to face and settle lawsuits over phone hacking. Some Wall Street analysts estimate that the total cost could reach $1 billion, according to the Independent.
Related on HuffPost:
More:Rupert Murdoch Hacking Rupert Murdoch Phone Hacking Phone Hacking Scandal Newspapers Phone Hacking
How will Donald Trump’s first 100 days impact YOU? Subscribe, choose the community that you most identify with or want to learn more about and we’ll send you the news that matters most once a week throughout Trump’s first 100 days in office. Learn more