News Corporation headquarters in New York
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News Corp profits increase as hacking scandal costs soar

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.

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