Murdoch's News Corp Profits Drop 75%
Rupert Murdoch's News Corporation has recorded a steep 75% drop in full-year profit. Company executives are banking on AI to reverse the trend.
Source: drudge.com
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News Corp beats profit estimates as digital subscriptions rise
News Corp, owner of the Wall Street Journal, Dow Jones and the New York Post, said Thursday that fourth-quarter revenue fell 9%, weighed down by weakness in its digital real estate services unit and continued weak spending on advertisements.
Source: nypost.com
Despite Q4 Decline, Realtor.com Says It's Ready To Take On CoStar
Realtor.com parent company Move's fourth quarter and fiscal year 2023 revenues slipped by double digits, with the company bringing in $602 million for the full year, according to an earnings call. Despite its struggles, News Corp CEO is confident in the brand's ability to stand toe-to-toe with competitors.
Source: inman.com
News Corp. CEO Says "Negotiations Are Well Underway" With AI Companies For Content Payments
The rise of generative artificial intelligence is top of mind for most CEOs these days, and Robert Thomson, the CEO of Wall Street Journal owner News Corp. is…
Source: biztoc.com
News Corp records 75% decline in full-year income
News Corp chief executive Robert Thomson was upbeat despite the decline, saying his conversations with AI companies were proving 'fruitful'.
Source: crikey.com.au