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… 

Gazza £188k
Frost £260k
Shobna Gulati £117k
Shane Richie £155k
Lucy Taggart £157k
Alan Yentob £85k
Robert Ashworth £201k
Lauren Alcorn £78k

— Josh Halliday (@JoshHalliday) May 21, 2015

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