The Sun racks up £60m loss on back of ad declines and phone hacking charges

Britain’s top selling tabloid is still struggling to cope with the twin fall-out from continued declines in print advertising revenue and charges accruing from the phone hacking debacle, after posting losses of £62.8m.
The cumulative effect of these costs saw total revenues at The Sun decline to £446m from £456m in the year to 3 July, with a recent price increase failing to counteract its losses.
Nevertheless the figures represent an improvement on the £79m loss rec