Aishwarya Venugopal of Reuters writes, “Revenue in the company’s news and information division, which accounts for over 60 percent of total revenue, rose to $1.26 billion as the transition to digital platforms pays off.
“The company said digital subscribers accounted for 53 percent of total subscriptions for the Wall Street Journal, up from 44 percent a year earlier.
“The subscription numbers suggest that there is an appetite for ‘premium news’ and ‘thoughtful commentary’, Chief Executive Robert Thomson said on a call with analysts.
“The Trump administration’s combative view of traditional news media as ‘fake news’ is helping out newspapers, which are struggling, to attract more digital readers and advertisers.
“News Corp’s advertising revenue rose 5.1 percent to $705 million. However, gains were partially offset by weakness in the print advertising market.”
Read more here.
Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…
This position will be Hybrid in the office/market 3 days per week, and those days…
The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…
The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…
Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…
Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…