News Corp. chief executive officer Robert Thomson made the following comments during the company’s fourth-quarter earnings conference call:
At Dow Jones, fiscal year circulation revenues grew 10%, largely due to digital subscriber growth at the Wall Street Journal. Meanwhile, there was a solid 7% increase in full year revenues at the professional information business, which is the largest year-on-year jump in their annual revenues since the creation of the new news. It was a particularly pleasing performance in risk and compliance as companies recognized the importance of Dow Jones’ insight and the intelligence in areas crucial to the health of the business. The Dow Jones team is also working closely with the team at Storyful, because unique understanding of social media around the world is crucial for companies seeking to avoid reputational roadkill.
The New York Post is gathering momentum in a tough turbulent market and is the standout performer in Greater New York, where its positive influence is matched by a positive audience response. The Post digital network, including pagesix.com, had 101 million unique visitors in June, up 51% on the previous year. Clearly, that growth is far superior to that of the New York Times and the struggling Daily News. The Wall Street Journal also added more digital subscribers and had significantly higher circulation revenue growth this quarter than the New York Times.
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