News Corporation has paid out nearly $200m (£126m) in legal costs over the phone-hacking scandal to date, with the majority spent on external advice, according to the company's latest financial results. The figures, contained within the company's results for the last three months of 2011, show the media giant paid out $87m (£55m) in legal fees and investigations into phone-hacking at its now defunct newspaper News of the World (NoW) during the period up to 31 December last year.
February 13, 2012 at 07:48 AM
1 minute read
The original version of this story was published on Legalweek
News Corporation has paid out nearly $200m (£126m) in legal costs over the phone-hacking scandal to date, with the majority spent on external advice, according to the company’s latest financial results.
The figures, contained within the company’s results for the last three months of 2011, show the media giant paid out $87m (£55m) in legal fees and investigations into phone-hacking at its now defunct newspaper News of the World (NoW) during the period up to 31 December last year.
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