Media News

Dow Jones is highest contributor to News Corp earnings

November 15, 2023

Posted by Chris Roush

Robert Thomson

News Corp. CEO Robert Thomson spoke at the company’s annual meeting on Wednesday.

Here is an excerpt of his remarks:

As Rupert mentioned, The Wall Street Journal reporter Evan Gershkovich continues to be unjustly incarcerated by Russia for being a truth-seeking journalist. We strongly deny the allegations against him. And we thank the many people who have rallied to his cause, and are providing support to his courageous family.

Turning now to our results for fiscal 2023, inflation, supply chain complications, interest rates and volatile exchange rates presented challenges, most more ephemeral than eternal. Nonetheless, we saw significant progress across several segments.

Dow Jones posted its highest profitability since we acquired the company – helped by impressive results in the professional information business.   In fact, Dow Jones has doubled its profitability in the past four years and, for the first time, was the highest contributor to profits across News Corp.

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.