Mirror Faces Massive Hacking Payouts

Mirror[1]

Mirror Group Newspapers have been ordered to pay out £1.2 million to eight phone hacking victims following a three week hearing at London’s High Court. The payout, averaging £150,000 per victim is worrying news for the Mirror who had one single reporter hack around 400 phones. If just 400 more people sue and that level of payout continues, the Mirror could be looking at paying out around £60m. Significantly more than the £12 million they have put aside… 

Trinity Mirror only made £102.3 million in pre-tax profit last year…

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