TalkTV, owned by Rupert Murdoch, lost over £90m before closure due to higher programming and staff costs.
Rupert Murdoch's UK TV channel TalkTV lost over £90m before closure, with higher costs from increased programming and staff numbers. The Sun, a Murdoch-owned tabloid, faced a £66m loss in 2022 due to the fallout from the phone-hacking scandal. News UK's The Times saw a 17% drop in profits due to higher costs. TalkTV plans to shift from linear broadcasting to online streaming, with its losses increasing to £53.7m in its second year of operation.
April 09, 2024
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