Home / Business / News Corp CEO: No sign of Biden’s slump after Trump crashed.

News Corp CEO: No sign of Biden’s slump after Trump crashed.



Wall Street Journal subscriptions will not go down because Donald TrumpDonald Trump, Caitlyn Jenner in Hannity, persuades Trump: ‘He’s a harasser’ Ivanka Trump doubled down on the vaccine push, with a post celebrating the second shock, the Conservative Club for Growth PAC, debuted. Against Stefanik to replace Cheney more. Robert Thomson, CEO of News Corp, said Thursday.

“We don̵

7;t have to worry about Trump’s downturn,” Thomson said during the company’s earnings call when analysts asked if the change in administration would have an impact on revenue. Or not

“The key to us is the quality of the Wall Street Journal and the quality of journalism,” adds Thomson.

Viewers from multiple news agencies have fallen since Trump left the White House. Ratings fell for CNN, MSNBC and Fox News, as well as the broadcast network’s evening news program, after their numbers skyrocketed in the past four years from what it called Trump on Wednesday. The New York Times reported that it added fewer new members in the first quarter than in the same quarter a year ago.

News Corp said the Wall Street Journal saw a record increase in subscriptions both digitally and in print in its most recent financial quarter.

Total subscriptions rose 21 percent to “3.38 million average subscriptions this quarter,” the company said. Digital-only subscriptions rose 29 percent to 2.63 million.

Another News Corp newspaper, The New York Post, is doing just as well, although parent company executives offered some details in addition to saying increased digital ad revenues offset lower revenues. 25% of News Corp.’s News Media section

That segment, which includes News Corp. Australia, News UK and other assets, earned $ 550 million last quarter, compared with $ 733 million in the same period a year ago.

News Corp’s overall revenue rose 3 percent to $ 2.34 billion last quarter, the company said net income of $ 96 million.

During a call on Thursday, Thomson discussed the company’s latest financial deal with Facebook.He touted the News Corp deal. Even with the social media giants In Australia and similar in the US two years ago, but Pressured Facebook to do the same with News Corp in the UK..

“this [Australian] In addition to a 2019 deal with Facebook in the United States involving Dow Jones and the New York Post, Thomson said.

Thomson said he expects the Australia Facebook deal to “have a meaningful and meaningful impact on our business and Australia”.

News Corp has reached a global agreement with Google earlier this year.




Source link