News Group Newspapers Reports Huge Pre-Tax Loss

The Losses Get Worse
People walk past a poster advertising the newly published Sun on Sunday weekly tabloid at a newsagent in London, Sunday, Feb. 26, 2012. News Corp.'s The Sun on Sunday launched this weekend, promising the same irreverent attitude that has kept The Sun tabloid at the top of the British newspaper market, even as its proprietor fights to limit the damage caused by the long-running phone hacking scandal. (AP Photo/Lefteris Pitarakis)
People walk past a poster advertising the newly published Sun on Sunday weekly tabloid at a newsagent in London, Sunday, Feb. 26, 2012. News Corp.'s The Sun on Sunday launched this weekend, promising the same irreverent attitude that has kept The Sun tabloid at the top of the British newspaper market, even as its proprietor fights to limit the damage caused by the long-running phone hacking scandal. (AP Photo/Lefteris Pitarakis)

The parent company of the Sun and Sun on Sunday has reported a pre-tax loss of £75m in the year to 30 June, after taking charges of almost £90m in relation to the phone-hacking scandal.

News Group Newspapers' pre-tax loss of £75.1m is a significant reduction on the £318m loss run up in its financial report for the year to 3 July 2012.

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