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‘Still overvalued’: Pundits take shots at The Sun after Murdoch lists cash-hemorrhaging tabloid as worthless asset

In its latest accounts, News Group Newspapers, a subsidiary of Murdoch’s NewsCorp, lists The Sun and its Sunday edition sister paper as having “zero carrying value” following an £84 million ($118.5 million) writedown, the Financial Times reported.  Dwindling circulation exacerbated by the Covid-19 crisis has resulted in the newspaper’s turnover …

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