Here are some comments made late Tuesday during the News Corp. earnings conference call:
CEO Rupert Murdoch: “We have American’s number one newspaper in The Wall Street Journal. Number one in terms of circulation, influence and quality, while other prominent papers are still suffering year-on-year advertising and circulation declines, the opposite is true at the journal. WSJ.com remains the digital model for newspapers around the world, with a strong subscription base and still growing advertising revenue.”
CFO Dave DeVoe: “Shifting to our newspaper information service segment, our operating income in this year’s quarter in $259 million and this is up 30% from what we reported a year ago. This improvement is largely driven by higher advertising at the Wall Street Journal and lower operating expenses throughout all of our newspaper businesses.”
Read the entire transcript here.
