Press release
News Corp Announces New Performance Records At Dow Jones, The Wall Street Journal, Amid Increased Demand For Trusted News, Data And Analysis
The Wall Street Journal Reaches Approx. 3 Million Subscribers For First Time; Dow Jones Digital Advertising Increased 25% In Third Quarter; Dow Jones Risk &
About this update from News Corporation
[{"type":"text","content":"\nThe Wall Street Journal Reaches Approx. 3 Million Subscribers For First Time;\n\n\nDow Jones Digital Advertising Increased 25% In Third Quarter;\n\n\nDow Jones Risk & Compliance Revenues Rose 18%\n\n NEW YORK--(BUSINESS WIRE)--\n\nNews Corp announced today that Dow Jones set new performance records in the third quarter of fiscal 2020, meeting a growing global need for fact-based reporting and high quality data and analysis.\n\n\n“These Dow Jones numbers are vastly superior to those announced by The New York Times yesterday. Digital advertising increased by 25% at Dow Jones, while it fell during the same quarter by 8% at The New York Times. And while year-on-year profitability declined double digits at the NYT, it rose at Dow Jones, and was a key contributor to our News and Information segment’s 15% increase. Revenue growth at Dow Jones in the quarter, at 5%, also outpaced the NYT’s 1% increase,” said Robert Thomson, Chief Executive of News Corp. “The relative success of The Wall Street Journal shows the value to readers of trusted news analysis, of pithy, pertinent opinion writers, and of reporters who have the objective of being objective. The WSJ subscriber base and the MarketWatch audience are patently a platform for further growth, as the team has been able to upsell readers to Barron’s and to professional information products that are essential for business and higher yielding.”\n\n\nNews Corp’s announcement follows the naming of Almar Latour as the new Chief Executive Officer of Dow Jones and Publisher of The Wall Street Journal. Mr. Latour, who is currently Publisher for Barron’s Group at Dow Jones, will assume the role with the departure of William Lewis on May 15.\n\n\nIn the third quarter, Dow Jones set a new record of nearly 3.6 million total subscriptions across The Wall Street Journal and Barron’s Group, representing a 10% increase year-over-year, including a 20% increase in digital only growth.\n\n\nAs part of the company’s third quarter earnings report, News Corp also noted that The Wall Street Journal’s digital paid subscribers were up 15% year-over-year to more than two million, another record. Digital subscribers accounted for 73% of the Journal subscriber base for the third quarter.\n\n\nIn recent days, the Journal has reached approximately 3 million total subscribers for the first time, including 2.2 millio...