News Corp profits increase as hacking scandal costs soar

Help

Rupert Murdoch's News Corporation says the phone hacking scandal at the News of the World cost it £65m in the second half of the year.

Around £10m of that went to victims claiming compensation - and the rest was spent on lawyers and consultants.

It comes as the company announced profits of 65% on Thursday.

Radio 5 live Wake Up To Money spoke to Theresa Wise, an independent media analyst about the results.

To hear other 5 live interviews, please visit the best bits page.

Wake Up To Money broadcasts weekdays 05:30 to 06:00 on Radio 5 live.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.