OLD Media Moves

WSJ parent reports better-than-expected earnings

News Corp., the parent of The Wall Street Journal, Barron’s and MarketWatch.com, reported better-than-expected earnings, helped by an a rise in digital subscriptions at Dow Jones.

The Journal subscribers reached a record of 2.6 million with digital-only subscribers accounting for approximately 69 percent of the total subscriber base. The Journal is part of Dow Jones.

In the news and information division, circulation and subscription revenues were flat compared to the prior year, including a $17 million, or 3 percent, negative impact from foreign currency fluctuations.

Circulation and subscription revenues again benefited from a healthy contribution from Dow Jones, which again saw a 7 percent increase in its circulation revenues, reflecting digital paid subscriber growth of 14 percent and subscription price increases at The Journal, as well as the continued growth in its Risk & Compliance products.

Dow Jones’ consumer products reached approximately 3.3 million total subscribers, a 9 percent increase compared to the prior year.

For the quarter, digital revenues for Dow Jones and the newspaper mastheads represented 37 percent of their combined revenues, and at Dow Jones, digital accounted for 55 percent of its circulation revenues.

The Journal average daily digital subscribers in the three months ended June 30 were 1,818,000, compared to 1,590,000 in the prior year.

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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