Phone Hacking Case Cost News Corp. $87 Million In Q4

James Murdoch Phone Hacking

News Corp. Q4 earnings are out, and operating income is up 16% to 1.50 billion.

But despite this good news, the company’s Q4 financials “include $87 million of charges related to the ongoing investigations initiated upon the closure of The News of the World.”

That’s about .06% of its operating income lost to the case, which also cost News Corp another $17 million in Q3.

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