• Rupert Murdoch's The Sun Now Worth Less Than a Copy of the UK Tabloid

    12 days ago - By The Wrap

    Rupert Murdoch's News Corp. has written the value of The Sun down to zero, according to accounts published Friday.
    The decline of the one-mighty British paper's valuation is a sign of the damage caused to print media by the COVID-19 pandemic and the increasing digitization of news. According to the Financial Times, the Sun's turnover plummeted “£324m in the financial year to June 2020.” In American dollars, that's about $457 million.
    According to Bloomberg, the Sun was the U.K.'s most widely read paper for four decades, but the Daily Mail took that spot last year.
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