Rupert Murdoch's News Group Newspapers reached a significant settlement with Prince Harry, resulting in a public apology and an acknowledgment of unlawful actions by private investigators. After intense negotiations right before the trial, NGN agreed to pay over 10 million to Harry and the former deputy leader, Tom Watson. This settlement reflects the company's desire to conclude this legal matter and mitigate potential future risks for its executives, emphasizing the gravity of the situation as revealed by Lachlan Murdoch's involvement in the negotiations.
The cost and damages paid to Harry and Tom Watson exceed 10 million, but for News Corps, with revenues topping 9 billion in 2023, it's a minor sum.
This settlement represents a significant acknowledgment of past unlawful activities at the Sun, underlining the importance of ending a lengthy legal saga for News Group Newspapers.
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