Categories: OLD Media Moves

Dow Jones circulation revenue grew 10 percent for the year

Robert Thomson

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.

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.

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