The Newscorp Investments stable includes newspapers such as The Times and The Sun as well as a 40% share in the satellite broadcaster BSkyB. Had it paid the full 30% rate on its 1998 profit of?09m, it would have netted the Exchequer?2m. (Enough to buy thousands of school textbooks, something that the Murdoch press is currently encouraging parents to do by way of collecting newspaper tokens.).
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