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23 April 2013updated 22 Oct 2020 3:55pm

Why News Corp is like Russia

Murdoch can take the losses.

By Dominic Ponsford

Russia ultimately won the Second World War thanks to its unique ability to sustain massive losses – and the same could be true for Rupert Murdoch and News Corp.

A huge legal settlement with rebel US shareholders yesterday added yet further to  News Corp’s massive  phone-hacking bill .

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