A mixed bag overall for Murdoch’s UK print media empire. The latest accounts for Times Media, publisher of The Times and The Sunday Times, show profits doubled to £73.2 million last year, up from £34 million the year before. They also gained 70,000 digital-only subscribers, bringing their online total to 438,000, or 641,000 including print.
The Sun, meanwhile, more than doubled its pre-tax losses to £127 million in the same period – thanks largely to the £99.8m set aside for “damages and claimant’s legal expenses relating to phone hacking” and “future costs“. Revenues rose slightly from £318.6 million to £320.5 million following growth in their online business.