Murdoch’s Sun, U.K.’s Biggest Paper for Decades, Now Worth Zero
- Falling circulation and legal costs have hit tabloid
- Rival Daily Mail claimed most-read title from Sun last year
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Rupert Murdoch’s News Corp. wrote down the value of its once high-flying Sun title to zero, underscoring the dramatic decline in Britain’s newspaper industry.
The tabloid’s blend of gossip and right-wing political coverage has made it Britain’s most widely-read paper for more than four decades, until the rival Daily Mail claimed the title last year.