Dominic Ponsford of Press Gazette interviewed Dow Jones & Co. CEO Almar Latour on the growth in 2023 of the parent of The Wall Street Journal, MarketWatch.com, Barron’s and Investor’s Business Daily.
Here is an excerpt:
Most news publishers have had a tough 2023. As one delegate at our US conference put it: “modestly down is the new up”. How is Dow Jones managing to buck the trend?
“It was the best quarter I think we had since News Corp acquired Dow Jones. And so we’re very thankful for where we are, but you obviously always want to do better.
“The arc over time is more interesting. We’ve doubled our profits since pre-Covid. And so the journey is just on the right trajectory. We’re now 80% recurring revenue, we’re at 80%. digital.”
While advertising is down overall year on year, Latour said Dow Jones The Trust – a studio that makes the advertising as well as providing the publishing platform – is growing sharply.
Read more here.
