Hooray! Murdoch’s Sun Is Now Worthless

The Sage of Crewe at Zelo Street posted a very encouraging piece yesterday about the value of the Scum as a going financial concern. The good news is, it doesn’t have one. It’s worth priceless nada, zip, zero. News Corp Holdings UK and Ireland, which oversees Newsgroup newspapers has posted its annual accounts up to June last year. And the company made a massive £201 million loss, despite cutting sales and marketing costs by forty per cent, and purging staff from 605 to 546. More than 80 per cent of the loss were one-off payments made to the phone hacking victims to stop their cases coming to court and costing Dirty Rupe and his gang even more. The wretched newspaper also made a payment to the Lib Dem MP Simon Hughes last Thursday, who felt he had been illegally targeted by reporters wishing to out his sexuality.

The Groan, reporting on the Scum’s parlous accounts, as quoted and amended by Zelo Street, also said that

[News Group Newspapers] wrote down [the Sun and Sun on Sunday’s] value to zero. The £84m non-cash ‘impairment of publishing rights’ essentially means the publisher does not believe the titles will return to positive growth”.

Zelo Street commented

The Sun is no longer worth even publishing. Its continuing presence on news stands serves only as clickbait for other Murdoch group enterprises, and as a right-wing propaganda sheet. Many of those 546 staff are not receiving the obscenely inflated remuneration enjoyed by those at the top. But all are now candidates for the dole queue.

He also concludes that it raises questions about the viability of the rest of Fleet Street, as many of them were also involved in the phone hacking. He states that it may not signal the end of Britain’s free and fearless press, but you can see it from here.

See: Zelo Street: The Sun Is Worthless (zelo-street.blogspot.com)

This follows what Lobster and others have said about Murdoch’s other British title, the Times. It’s readership has fallen far beyond the figure at which any other paper would have been wound up. But because it’s Britain’s paper of record, it allows the grubby smut merchant a place at the cabinet table with our politicos. And so he keeps it going. I also suspect that the Scum and the Times will be kept going as tax losses for the rest of the Murdoch empire.

But this is highly encouraging, if alarming for the old media and the lamestream reporters, who lament the passage of the days when they could form public opinion and who are now complaining that public opinion is more fragmented and polarised than ever. Yes, there’s a problem there, but the lamestream media is responsible for maintaining a corrupt and highly exploitative neoliberal economic system which is ruining our country and driving its people further into poverty and despair. And there has been no greater supporter of the Thatcherite consensus than the Scum. It’s run, written and edited by post boys pretending to be working class to get Britain’s working people to vote against their interests. And it has always been extremely racist. About two decades or so ago Private Eye carried a piece about yet another judgement by the Press Complaints Commission as was about the wretched paper’s racism, that said that there had been 19 such judgements against it. And this is quite apart from the attacks on Scargill and the miners’ during the miners’ strike and the smearing of the Liverpool fans after the Hillsborough stadium disaster.

The Scum always was morally worthless. Now we know its financially worthless too. If you want real news, start looking at Novara Media, the Canary, the Skwawkbox and other left-wing news sites. And if you want informed comment, then it’s Zelo Street and Mike’s blog over at Vox Political, as well as Another Angry Voice. You know, all the people the Scum and its mates would describe as evil Commies or anti-Semites because they supported Corbyn or otherwise challenge virtuous capitalism. They’re worth reading.

But the Scum is worthless. It’s time it was wound up, and the rest of the right-wing press likewise.

See: Zelo Street: The Sun Is Worthless (zelo-street.blogspot.com)

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