Dow Jones had best profit since News Corp. acquisition

News Corp. chief executive officer Robert Thomson made the following comments during its second-quarter conference call:

Dow Jones also set records this quarter, including having its highest absolute EBITDA since News Corp acquired the company in late 2007 with segment EBITDA up 43%, while for New York Times eked out a 1% increase. Digital advertising expanded 29%, the highest quarter in Dow Jones history, while digital advertising at the New York Times fell by 2%.
Clearly, print was challenged during a pandemic period in which distribution was compromised. But overall advertising was down just 4%. Comparing dramatically with The New York Times, where it slumped 19%. In our professional information business, Risk and Compliance continued its record of extraordinary expansion with year-over-year revenue growth accelerating to 21%. Q2 marks Risk and Compliance 22nd consecutive quarter of double-digit revenue growth year-over-year.

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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.