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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Christian Porter tries to prevent publication of unredacted ABC defamation defence

Former federal attorney general seeks declaration that media outlets never publish ABC’s unredacted defence without judicial permissionChristian Porter has revived an element of his defamation proceedings, by seeking a declaration that three media outlets never publish the ABC’s unredacted... Continue reading at The Guardian

[ The Guardian | 2021-08-18 05:52:27 UTC ]
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Axed yet still ‘compelling’, Alan Jones is neither down nor out at News Corp

His column may have been dropped by a Sydney tabloid – but the broadcaster is still being lauded for his role at Sky News AustraliaIt’s been a week of mixed messages from News Corp Australia.Alan Jones, previously one of the media giant’s most bankable stars, was, according to the Murdoch... Continue reading at The Guardian

[ The Guardian | 2021-07-30 20:00:10 UTC ]
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Alan Jones laments Daily Telegraph column dropped but remains in News Corp stable| The Weekly Beast

The Sky News After Dark presenter denies being an anti-vaxxer as his regular sports column continuesAlan Jones has denied being an anti-vaxxer and encouraging the anti-lockdown protesters in an emotional broadcast after his regular column was dumped by the Daily Telegraph.“I now face a headline... Continue reading at The Guardian

[ The Guardian | 2021-07-30 04:08:30 UTC ]
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Ad Tracker Tool to Improve Advertisers’ Digital Media Carbon Footprint

As advertisers have been increasing their carbon impact through the growing use of digital advertising, one adtech business has developed a campaign in a bid to support their attempt to repair the damage. Good-Loop, has created an ad tracker, 'The Green Ad Tag', which can be run cross-platform... Continue reading at AdWeek

[ AdWeek | 2021-07-19 12:56:17 UTC ]
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Richard Branson, the press, and the space in between

It’s space, Richard—at least as NASA knows it. Yesterday, the British billionaire Richard Branson, two pilots, and three other people rode a rocket plane operated by Virgin Galactic, an arm of Branson’s business empire, fifty three and a half miles into the air—a test run for the sort of private... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-07-12 12:05:06 UTC ]
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Sweet Cherry Publishing: Life for Leicester children’s indie after Nibbies Small Press triumph

"We want to be recognised as one of the leading children’s book publishers in the industry: we want not only to be recognised, we want to be respected.” Sanjee de Silva (pictured), the new publisher at Sweet Cherry, recently named Small Press of the Year at the British Book Awards, has big... Continue reading at The Bookseller

[ The Bookseller | 2021-05-28 22:25:53 UTC ]
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Australian Press Council criticises Herald Sun for ‘misleading’ Pfizer Covid vaccine subheading

Regulatory body says subheading implying deaths of six people in clinical trials were due to the vaccine was not fair or balancedA subheading saying six people that took part in the Pfizer Covid-19 vaccine clinical trial died was not fair or balanced, the Australian Press Council has found,... Continue reading at The Guardian

[ The Guardian | 2021-05-19 02:44:28 UTC ]
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High court casts doubt on media companies’ claim of not being responsible for defamatory comments on social media posts

News Corp and Fairfax Media challenge ruling they are liable for defamatory comments on their Facebook postsThe high court has cast doubt on media companies’ claims that they are not responsible for defamatory comments on their social media posts. Fairfax Media and News Corp have taken the... Continue reading at The Guardian

[ The Guardian | 2021-05-18 07:19:27 UTC ]
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Everyone wants a piece of Bluey – even the Morrison government is falsely claiming credit | Amanda Meade

Paul Fletcher makes the hit children’s TV show part of his budget announcement. Plus: News Corp lets go of its last photographersBluey, the Emmy award-winning children’s television show, is a smash hit for ABC Kids and has won the hearts of families Australia-wide. Continue reading... Continue reading at The Guardian

[ The Guardian | 2021-05-14 06:34:16 UTC ]
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The challenge facing Sally Buzbee at the Washington Post

Since January, when Marty Baron announced his retirement as editor of the Washington Post, the media beat has hummed with speculation about his replacement: Would it be an internal candidate? Or one of a bevy of editors from the New York Times? Or Ben Smith? So it was impressive yesterday when... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-05-12 12:21:00 UTC ]
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News Corp completes Houghton Mifflin Harcourt consumer division deal

HarperCollins owner News Corp has completed its $349m (£252m) acquisition of Houghton Mifflin Harcourt's consumer division. Continue reading at The Bookseller

[ The Bookseller | 2021-05-10 12:46:20 UTC ]
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Crikey kicks off fortnight of apologising to Lachlan Murdoch and Christine Holgate | The Weekly Beast

Online publisher launches two front-page apologies for serious mistake in Stephen Mayne column. Plus: News Corp top brass at SMH birthday bashFront-page apologies and corrections are rare. Apologies are usually relegated to page two of a newspaper and relatively hidden on a news website.In 2015,... Continue reading at The Guardian

[ The Guardian | 2021-04-23 02:31:20 UTC ]
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Reporters hype—then waste—Biden’s first press conference

Last week, when the White House announced that Joe Biden would hold his first formal press conference as president on March 25, the pre-game hype began. Reporters excavated the history of White House press conferences, then shared their questions for Biden with the public, and each other. There... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-03-26 11:54:27 UTC ]
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Scott Morrison's media blitz goes awry as A Current Affair turns up the heat | The Weekly Beast

Justin Stevens tweets Tracy Grimshaw gave a ‘great interview’. Plus: Morrison condemned in News Corp papersScott Morrison avoided talking to ABC 7.30 host Leigh Sales this week, choosing A Current Affair’s Tracy Grimshaw instead to deliver his television message to the women of Australia on... Continue reading at The Guardian

[ The Guardian | 2021-03-26 02:59:47 UTC ]
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Facebook and News Corp Strike Pay Deal for Australian Content

The deal with News Corp followed a standoff over legislation passed by the Australian government to compensate publishers. Continue reading at The New York Times

[ The New York Times | 2021-03-16 18:21:40 UTC ]
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NPR’s tale of two crises at the Capital Gazette

On June 28, 2018, a gunman stormed the newsroom of the Capital Gazette, in Annapolis, Maryland, and murdered five staffers: Rob Hiaasen, Wendi Winters, Rebecca Smith, Gerald Fischman, and John McNamara. Later the same day, Selene San Felice, a twenty-two-year-old reporter who survived the... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-03-16 12:10:09 UTC ]
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Facebook to pay News Corp for content in Australia

The "landmark" deal comes after Australia passed a world-first law targeting Facebook and Google. Continue reading at BBC News

[ BBC News | 2021-03-16 09:56:32 UTC ]
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Lawyer Chris Murphy portrayed as 'past it' by News Corp columnist, defamation hearing told

Annette Sharp suggested solicitor ‘is too old and deaf and can’t even get to court’, barrister saysThe high-profile Sydney criminal lawyer Chris Murphy was portrayed by a newspaper columnist as being “past it, decrepit and over the hill”, his defamation hearing has been told.The meaning... Continue reading at The Guardian

[ The Guardian | 2021-03-16 05:46:43 UTC ]
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Rupert Murdoch's News Corp strikes deal as Facebook agrees to pay for Australian content

News Corp is the largest media company to sign agreement with Facebook since laws passed by Scott Morrison’s governmentRupert Murdoch’s News Corp says a landmark three-year agreement with Facebook to pay for its Australian content will transform the terms of trade for journalism.Facebook has... Continue reading at The Guardian

[ The Guardian | 2021-03-15 23:55:55 UTC ]
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Know thy reader

With the levelling off of e-book sales, many have begun to wonder whether the book publishing industry will be spared the kinds of disruption experienced by other sectors of the media industries. But the digital transformation of the book publishing industry was never fundamentally about e-books... Continue reading at The Bookseller

[ The Bookseller | 2021-03-13 06:41:09 UTC ]
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