News Corp profits dive 75% as Rupert Murdoch-owned company hints at AI future

Poor result weighed down by lower print and digital advertising at News Corp Australia, a division that includes flagship newspaper The AustralianRupert Murdoch’s News Corporation has recorded a steep 75% drop in full-year profit but sees opportunities ahead as it expands the use of cost-saving AI-produced content.The US-listed media conglomerate – which owns mastheads in the US, UK and Australia, along with book publishers, subscription television and real estate advertising assets – recorded $US187m ($A287m) in net profit for the financial year, down from the previous year’s $US760m record. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2023-08-11 00:14:07 UTC ]

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Unruly eyes faster growth in tough video ad market after News Corp sale

News Corp, which will get small stake in Tremor, has also entered into three-year partnership for outstream video. Continue reading at Media Week

[ Media Week | 2020-01-06 09:49:13 UTC ]
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AFP to highlight 'less intrusive' approach in new press freedom submission

Australian federal police to tell inquiry it will heed ministerial direction to consider value of a free and open pressThe Australian federal police will make a second submission to federal parliament’s press freedom inquiry as part of efforts to draw a line over controversy triggered by raids... Continue reading at The Guardian

[ The Guardian | 2019-11-29 07:15:29 UTC ]
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Letting another drastic climate report go by

Early yesterday, the United Nations Environment Program published its annual assessment of greenhouse gas emissions. It described its own findings as “bleak.” Global emissions have risen by 1.5 percent every year for the past decade; top polluters including the US—which is busy pulling out of... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2019-11-27 13:08:51 UTC ]
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Rupert Murdoch says 'there are no climate change deniers around' News Corp

Murdoch was responding to a question at AGM about time given to ‘climate deniers’ by News Corp outlets in AustraliaNews Corp executive chairman Rupert Murdoch has said “there are no climate change deniers around I can assure you” after he was asked at the corporation’s AGM why his company gives... Continue reading at The Guardian

[ The Guardian | 2019-11-21 01:47:18 UTC ]
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Facebook Reaches Deal With Wall Street Journal Publisher, Others for News Section

News Corp has reached a deal to let Facebook Inc. feature headlines from The Wall Street Journal and other Dow Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-10-21 14:49:53 UTC ]
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Australian newspapers black out front pages to fight back against secrecy laws

United campaign by media companies highlights government moves to penalise whistleblowing and criminalise journalism • Lenore Taylor: Concrete action rather than nice words are needed on press freedomThe front page of every newspaper in Australia was blacked out on Monday as part of a campaign... Continue reading at The Guardian

[ The Guardian | 2019-10-20 22:51:36 UTC ]
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Advertising lessons learned and reaffirmed by HBO’s ‘Succession’

As an abashed former News Corp employee (thankfully at HarperCollins, one of the Murdoch portfolio’s least-offensive holdings), HBO’s "Succession" is my straight shot of Sunday-night dopamine. The show’s great even if you aren’t attuned to the devastating, thinly veiled media and publishing... Continue reading at Advertising Age

[ Advertising Age | 2019-10-11 11:22:17 UTC ]
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What HBO’s ‘Succession’ can teach us about advertising

As an abashed former News Corp employee (thankfully at HarperCollins, one of the Murdoch portfolio’s least-offensive holdings), HBO’s "Succession" is my straight shot of Sunday-night dopamine. The show’s great even if you aren’t attuned to the devastating, thinly veiled media and publishing... Continue reading at Advertising Age

[ Advertising Age | 2019-10-11 11:22:17 UTC ]
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Tiger Oak Media Files for Chapter 11 Bankruptcy

Citing mounting vendor debt and declining revenue, Tiger Oak Media—the publisher of more than 30 regional and bridal magazines around the country—has filed for Chapter 11 bankruptcy protection, according to documents filed in U.S. Bankruptcy Court in Minnesota on Monday. The 26-year-old... Continue reading at Folio Magazine

[ Folio Magazine | 2019-10-10 14:55:27 UTC ]
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With the Help of Washington, News Publishers Fight to Recapture Advertising Dollars From Facebook and Google

Rupert Murdoch, the executive chairman of News Corp and co-chairman of Fox Corp., who built his fortune in the newspaper Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-10-01 07:00:50 UTC ]
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The UK’s Publishers Association Schedules an ‘Urgent’ Brexit Forum

Set at London's Barbican Centre on October 10, the UK Publishers Association's Brexit Forum is will offer discussions on key Brexit challenges and legal advice for book publishers. The post The UK’s Publishers Association Schedules an ‘Urgent’ Brexit Forum appeared first on Publishing... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-09-30 12:30:51 UTC ]
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News Corp Answers Big Tech by Exploring its Own News Distribution Site

In a response to most news publishers’ checklist of needs from a digital conduit to their content, News Corp is Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-09-12 18:30:12 UTC ]
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How 'cookie matching' at Google caused an ad tech divide

Google's most vocal critics have caused a schism among the ad-tech community: One group led by Brave, a rival web browser, claims to have analyzed Google's ad exchange and found sneaky data-sharing with partners. Meanwhile, Google's defenders say rivals are being alarmist about a common industry... Continue reading at Advertising Age

[ Advertising Age | 2019-09-09 16:35:44 UTC ]
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Democracy overboard: Rupert Murdoch's long war on Australian politics | Kevin Rudd

Australia has become a dangerously complacent country, dancing to the reactionary tune of the Murdoch pressAustralia has become the complacent country. Complacent about its future economic competitiveness. Complacent about climate change. Complacent about how to navigate our future in the region... Continue reading at The Guardian

[ The Guardian | 2019-09-06 20:00:48 UTC ]
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'Well done': home affairs chief Mike Pezzullo praised police for raiding journalist's home

Documents obtained by ABC show departmental secretary asked for his thanks to be passed on to AFP team involved The head of the Department of Home Affairs, Mike Pezzullo, congratulated the Australian federal police for conducting raids on journalists, new documents reveal.Correspondence obtained... Continue reading at The Guardian

[ The Guardian | 2019-08-29 04:27:34 UTC ]
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Geoffrey Rush loses bid to prevent News Corp from repeating allegations

Application for injunction preventing the publisher from repeating meanings in defamatory material dismissedActor Geoffrey Rush, who was awarded $2.9m in his defamation case against Nationwide News, has lost his bid to prevent the newspaper publisher from repeating the substance of its... Continue reading at The Guardian

[ The Guardian | 2019-08-28 07:48:07 UTC ]
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Jay Inslee’s out, but let’s keep climate in

On March 1, at the headquarters of a solar-panel company in Seattle, Jay Inslee, the governor of Washington, jumped into the Democratic presidential primary as a climate-focused candidate. The following week, amid a flurry of interviews, Inslee went on Rachel Maddow’s show, on MSNBC, to make the... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2019-08-23 12:09:26 UTC ]
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News Corp flashes teeth at Google with news-aggregation service

News Corp said it would not take a cut of ad revenue generated by articles from Knewz.com. Continue reading at Media Week

[ Media Week | 2019-08-23 08:34:39 UTC ]
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What Role Does Philanthropy Play in Reporting News?

When the Judith Neilson Institute for Journalism pledged money to News Corp and Nine Entertainment last month, some cynics wondered Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-08-21 14:55:30 UTC ]
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Changing the journalistic climate: what role does philanthropy play in reporting news?

The fund behind the biggest grant ever given to the Sydney Opera House says it won’t play favourites in Australian mediaWhen the Judith Neilson Institute for Journalism pledged money to News Corp and Nine Entertainment last month, some cynics wondered why the $100m philanthropic outfit was... Continue reading at The Guardian

[ The Guardian | 2019-08-21 04:31:05 UTC ]
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