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 ]
News tagged with: #digital advertising #news corporation #book publishers #net profit #financial year #news corp

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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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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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News Corp is apparently working on a news app called 'Knewz'

News Corp wants to give people an alternative to Google News and Apple News. The media company that owns Dow Jones Newswires and HarperCollins is working on its own news aggregation service, reported The Wall Street Journal. The service will be calle... Continue reading at Engadget

[ Engadget | 2019-08-22 21:14:00 UTC ]
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News Corp. reviews its options for News America marketing unit

News Corp. said it is evaluating options for its News America Marketing business that could include a sale, which would leave the publisher of the Wall Street Journal and New York Post more purely focused on media while removing what’s been a troubled unit. The review of News America, which... Continue reading at Advertising Age

[ Advertising Age | 2019-06-18 20:05:16 UTC ]
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News Corp. attacks internet platforms for hurting news business

general counsel blamed internet platforms for hurting the news business by siphoning off profits and promoting less reliable news for readers in his prepared remarks for a congressional panel... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2019-06-11 20:09:08 UTC ]
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The Murdoch Method by Irwin Stelzer review – has Rupert Murdoch lost his touch?

A finely balanced assessment of the media mogul’s sprawling empire – written by his right-hand manLike him or loathe him, Rupert Murdoch remains one of the world’s most fascinating characters. He is the subject of more than a dozen biographies and is the central figure in at least a score of... Continue reading at The Guardian

[ The Guardian | 2018-08-01 00:00:00 UTC ]
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Good News, Bad News, and the Future: Manga 2014

It’s 2014, and for North American manga publishers, the digital revolution is well underway. Where there once were only a handful of publishers offering their titles online or via ebook apps, now almost all of them are offering, or negotiating to offer at least some of their current and backlist... Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-14 00:00:00 UTC ]
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Is News Corp.'s 'The Daily' giving you more blues than news?

By Joe Wilcox, Betanews Every single person I know with an iPad who has used News Corp.'s "The Daily" complains about persistent crashes and really, really, really, slow update times. Now PaidContent reports that the initial two-week free introduction promotion is going on and on and on, kind of... Continue reading at Betanews

[ Betanews | 2011-02-24 00:00:00 UTC ]
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In hard times for media companies, these people are working to bolster Indigenous news coverage in Sask.

Times are hard for print media in Saskatchewan. This is true for Indigenous-focused news outlets just like any other. But some are adapting to change and hoping to inspire the next generation of Indigenous journalists. Continue reading at CBC

[ CBC | 2024-08-19 10:00:00 UTC ]
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New chair Kim Williams says ABC should be ‘last broadcaster standing’ and News Corp’s criticism is ‘unbalanced’

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[ The Guardian | 2024-08-10 20:00:05 UTC ]
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Scotland Yard to Review Email Deletions in News Corp Hacking Case

A preliminary inquiry threatens to reopen a tumultuous chapter in U.K. news media history. It could entangle The Washington Post’s publisher and other former News Corp figures. Continue reading at The New York Times

[ The New York Times | 2024-07-31 21:53:11 UTC ]
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Dive Into Some New YA Mysteries: YA Book Talk + News, July 25, 2024

Whodunit? That's the question at the heart of these compelling and engaging 2024 YA mysteries. That, plus this week's YA book news. Continue reading at Book Riot

[ Book Riot | 2024-07-25 15:00:00 UTC ]
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The AI prison of the future is just an Outer Limits episode

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[ Engadget | 2024-06-28 20:09:37 UTC ]
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Trip Adler Looks to Build a Bridge Between Creators, AI Companies

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[ Publishers Weekly | 2024-06-25 04:00:00 UTC ]
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The Rise and Fall of BNN Breaking, an AI-Generated News Outlet

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[ The New York Times | 2024-06-06 04:00:25 UTC ]
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News Corp 'obsessed' with ABC, says broadcaster's boss after 'pile-on' over Tingle comments – video

Asked by Greens senator Sarah Hanson-Young whether ABC political journalist Laura Tingle had been subjected to a 'News Corp pile-on' after her comments on racism in Australia, the national broadcaster's managing director, David Anderson, said she had. At the Senate estimates hearing, the senator... Continue reading at The Guardian

[ The Guardian | 2024-05-31 01:55:16 UTC ]
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ABC boss rejects suggestion it ‘cowered to a News Corp pile-on’ over Laura Tingle comments

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[ The Guardian | 2024-05-30 09:34:48 UTC ]
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