Storyful losses rise in first year of Murdoch reign

Expansion costs at the online news agency established by former RTÉ presenter Mark Little contributed to accumulated losses at the firm increasing by €2.2m to €5.8m, last year.

Storyful was purchased by Rupert Murdoch’s News Corp for €18m in December 2013 and new abridged accounts show the firm’s accumulated losses jumped by 60% in News Corp’s first full year in ownership.

Numbers employed by the company had tripled, to around 90, at the time of Mr Little exiting the business in June.