News Corp. CEO Robert Thomson praised what he sees as improving business conditions in the US after the election that “Woke of Woke” was lifted.
“There’s been a concrete increase in business trust in the US since the election,” Thomson said in a statement to investors following second quarter revenue. “Aside from the temporary disruption of transactional tariffs, the confluence of economic optimism and the cultural awakening with awakened York has been lifted. These trends have been accustomed to the extra, free regulations, greater capital. It should lead to formation, increased opportunities for all Americans, and more open, creative and persuasive conversations. Hopefully, the era of censorship and self-censorship is backing away ”
Thomson said his comments were general statements about business terms, but Newscorp also owns the home of the Murdoch Family and Dow Jones, as well as publications such as the Wall Street Journal and the New York Post. , also reported record revenue. $600 million in Dow Jones quarterly saw a rise in digital distribution revenue at the fastest pace in two years.
We also saw higher professional information business revenues driven by subscription products. News Corp. expects year-over-year growth at Dow Jones to increase later this year. Digital-only subscriptions to the Wall Street Journal increased 7% year-on-year for the quarter, while total subscriptions increased by 4%.
News Corp. is one of many publishers that have signed a license agreement with the AI platform Openai. Thomson continued to praise the collaboration, speaking out against bewilderment and rookie Deep Sheikh. The company filed a lawsuit against Perplexity, an AI research and conversation search engine in October, alleging it illegally using News Corp’s copyrighted work.
“We are pleased with our partnership with Open AI and hope that other companies in the segment will take an equally enlightened approach. Our legal action against bewildering confusion is ongoing. , enjoying discovering the document, Thomson said.
The News Corp chief added: The sudden rise of deep seeks itself is a lonely lesson for all AI players if they can’t host fresh and reliable news. The AI version lacks immediacy and relevance. Data centers and energy sources, and new fangle chips, may be essential AI infrastructure, but in the end we believe content will become king in the world of AI. ”
