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Media conglomerate News Corp beat Wall Street estimates for second-quarter revenue on Wednesday (Feb 7), driven by growth in business information unit Dow Jones, digital real estate services and a rebound in its book publishing unit. Shares of the company rose more than 3 per cent in after-market trading.
Advertising revenues and economic pressures bit News Corp Australia and Foxtel Group in the second quarter despite a rise in global revenues and profits.
News Corp. CEO Robert Thomson torched the New York Times’ lawsuit against Microsoft and OpenAI on Wednesday’s earnings call, saying “Courtship is preferable…
But lower advertising revenue at the media segment.
Robert Thomson says conglomerate prefers ‘courtship to courtrooms’ when dealing with AI companies, as news and Australian businesses record revenue drop