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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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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News Corp Australia papers labelled 'sexist' and 'toxic' by former staff photographer at media inquiry

Photographers told to provide images of attractive women and avoid ‘pigs in lipstick’The Weekly Beast: News Corp gives Kevin Rudd the silent treatmentA veteran News Corp Australia photographer has given devastating evidence to a parliamentary inquiry about the way the Murdoch newspapers treated... Continue reading at The Guardian

[ The Guardian | 2021-03-12 07:44:32 UTC ]
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Devine intervention as Sky News Australia's YouTube channel eclipses ABC's | The Weekly Beast

Sky News Australia goes viral overseas. Plus: Nine greenlights Melissa Caddick drama two days after her remains foundSky News Australia’s YouTube channel now has more subscribers than ABC News: 1.31m to Aunty’s 1.129m. When your best prime-time show, Andrew Bolt’s, regularly has about 80,000... Continue reading at The Guardian

[ The Guardian | 2021-03-05 02:42:25 UTC ]
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Russian Market Looks to Children’s Books for 2021 Growth

Some children's book publishers in Russia forecast growth in 2021, but another publisher cautions that 'oversupply' and 'low-quality books' are problematic. The post Russian Market Looks to Children’s Books for 2021 Growth appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-03-04 17:10:20 UTC ]
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Andrew Bolt's 'virus thrives in multiculturalism' columns offensive, press council says | Weekly Beast

Press watchdog says News Corp columnist breached two rules. Plus: Daily Mail pushback on media bargaining codeAndrew Bolt has received a rap over the knuckles from the Australian Press Council for attributing the spread of the coronavirus in Melbourne to multiculturalism. Two columns were found... Continue reading at The Guardian

[ The Guardian | 2021-02-26 02:43:00 UTC ]
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‘I’m afraid of repercussions’: Publishing industry members question Google’s motives in paying off News Corp

Google's News Corp deal may pacify Australian lawmakers, but publishing industry members worry about repercussions for smaller publishers. The post ‘I’m afraid of repercussions’: Publishing industry members question Google’s motives in paying off News Corp appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2021-02-18 05:01:00 UTC ]
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‘I’m afraid of repercussions’: Publishing industry members question Google’s motives in paying off News Corp

Google's News Corp deal may pacify Australian lawmakers, but publishing industry members worry about repercussions for smaller publishers. The post ‘I’m afraid of repercussions’: Publishing industry members question Google’s motives in paying off News Corp appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2021-02-18 05:01:00 UTC ]
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Google will pay News Corp outlets for using their content

Google has signed a three-year agreement to carry content from News Corp publications. In the US, UK and Australia, Google’s News Showcase will now feature stories from The Wall Street Journal, MarketWatch and other outlets. The financial terms of th... Continue reading at Engadget

[ Engadget | 2021-02-17 18:42:24 UTC ]
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News Corp agrees deal with Google over payments for journalism

News Corp will receive ‘significant payments’ to feature news outlets in Google’s News ShowcaseGoogle and Rupert Murdoch’s News Corp have signed a multi-year partnership that will lead to the search engine paying for journalism from news sites around the world, including the Wall Street Journal,... Continue reading at The Guardian

[ The Guardian | 2021-02-17 17:11:57 UTC ]
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Bushfire article in the Australian that fuelled misinformation cleared by press council

Article on arson arrests published by Murdoch-owned News Corp paper during Black Summer fires was shared by Donald Trump JrAustralia’s press watchdog has ruled an article in the Australian newspaper that fuelled misinformation that arsonists were a major cause of the Black Summer fires was not... Continue reading at The Guardian

[ The Guardian | 2021-02-16 05:02:05 UTC ]
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The New York Post Made a Profit. Really.

News Corp reported a decline in its overall revenue and a pretax profit of $497 million for the three months ending in December. Continue reading at The New York Times

[ The New York Times | 2021-02-04 23:45:40 UTC ]
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Back to school for Tele editors after 'activist teachers' exposé | The Weekly Beast

News Corp’s examples of cultural Marxism come up short. Plus: Alan Jones apology relegated to Sky News corrections pageDays after News Corp chairman Rupert Murdoch warned of an “awful woke orthodoxy”, the Daily Telegraph demonstrated the boss’s point with a front-page story about political... Continue reading at The Guardian

[ The Guardian | 2021-02-04 22:44:51 UTC ]
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