Categories: OLD Media Moves

CEO sees international potential with Dow Jones properties

News Corp. CEO Robert Thomson made the following comments on the company’s fourth-quarter earnings conference call:

Dow Jones is a media business that we believe had a distinctive ability to prosper in the digital age. The Wall Street Journal recorded 14% growth in digital-only paid subscribers, who now account for over 69% of the total subscriber base of 2.6 million. Circulation revenue trends at Dow Jones remained robust, rising 7% for the year, well above the rates of the New York Times and others in the industry. Since separation in 2013, Dow Jones’ consumer circulation revenues have grown more than 40%.

And within that category, digital revenues at the Wall Street Journal had expanded by almost 150%. Advertising trends improved in Q4 for The Wall Street Journal. And in July, both print and digital advertising revenue were higher than a year earlier. As we look to the future, we believe that Dow Jones could attract a significantly larger subscription base by directions, subscriptions and through content partnerships.

We have particular optimism about the international potential of Dow Jones given the relatively low non-U.S. share, 12% of subscribers today. We are also seeing the increasing ability of the Dow Jones team, deploying customized artificial intelligence to sell special Financial News and data products to professional and wealthy individual subscribers. The Dow Jones professional information business posted revenue growth for the second consecutive year after a period of transition, overcoming currency headwinds.

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

Crain’s city publications seek a data editor

Crain Communications is seeking a meticulous and analytical data editor to oversee the strategy and…

23 hours ago

The FT’s Wolf deals with a social media impersonator

Financial Times chief economics commentator Martin Wolf writes about a fake "Martin Wolf" that is doling…

1 day ago

Mergermarket seeks a French M&A reporter

We are looking for a Reporter to join ION Analytics’ Paris Bureau covering French M&A…

1 day ago

NY Times seeks economy editor in DC

The New York Times is seeking an editor to help run our coverage of the…

1 day ago

South Florida Biz Journal seeks a commercial real estate reporter

This position will be Hybrid in the office/market 3 days per week, and those days…

1 day ago

MarketWatch.com hires Nguyen to cover Nvidia and AI

MarketWatch.com executive editor Nathan Vardi sent out the following on Friday: All, I am delighted to announce…

1 day ago