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Originally Posted by bizaro86
There is definitely a concentration of information in his hands. Shutting down what was basically the Sunday version of the Sun, to be replaced by the "Sunday Sun" doesn't seem like a big change to me, more of a damage control move. Still too bad for the ~200 people out of work. Doubt this will affect the Times properties much, they're a pretty different market segment, and have managed to stay above the fray.
The big news is if it screws up the BskyB aquisition. That's been one of his main cash engines, and he needs to own 100% to have access to the cash in the parent company as newspaper profits begin to decline.
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This is a fast moving story. The Sunday Times and The S*n have been accused of illegally accessing medical records of ex PM Gordon Brown's son who has cystic fibrosis. It is also alleged that The Sunday Times gained access to his bank account and legal files and private investigators working for the paper hired criminals to work on stories about him.