Press release
News Corp Announces Record-Setting Subscriber Performances at Dow Jones and The Wall Street Journal
Dow Jones Surpasses 3.5 Million Subscriptions for First Time The Wall Street Journal Crosses 2 Million Digital Subscriptions Mark Dow Jones Revenue Growth
About this update from News Corporation
[{"type":"text","content":"\nDow Jones Surpasses 3.5 Million Subscriptions for First Time\n\n\nThe Wall Street Journal Crosses 2 Million Digital Subscriptions Mark\n\n\nDow Jones Revenue Growth Outpaces The New York Times\n\n NEW YORK--(BUSINESS WIRE)--\nNews Corp has announced that Dow Jones has set a new record of 3.5 million subscriptions and The Wall Street Journal crossed the 2 million digital subscriptions mark for the first time.\n\n\nDow Jones also surpassed The New York Times in revenue growth in the final quarter of calendar year 2019, while continuing to increase its profit contribution. Dow Jones is publisher of The Wall Street Journal and Barron’s Group, and its Professional Information Business includes Risk & Compliance, Newswires and Factiva.\n\n\n“Dow Jones revenues increased by 4% in the most recent quarter, compared to 1% for The New York Times,” said Robert Thomson, chief executive of News Corp. “Dow Jones is significantly more digital than The New York Times, with 62% digital revenues as we reported at fiscal year-end, including our growing Professional Information Business.”\n\n\nThe total number of digital subscriptions at Dow Jones grew by 17% in the most recent quarter, with digital subscribers to The Wall Street Journal rising 13%. At Dow Jones, digital accounts for approximately 57% of consumer circulation revenues versus 44% for The New York Times.\n\n\n“There is a strong and growing appetite for factual, fair and deeply reported journalism, and our latest subscription and financial results demonstrate how well Dow Jones, the Journal and our other publications and products are serving that vital public need,” said Mr. Thomson.\n\n\nDow Jones advertising revenues in the October-December quarter also outpaced The New York Times, with digital advertising picking up thus far in the first quarter of calendar year 2020.\n\n\nIn an earnings call with analysts Thursday evening, Mr. Thomson noted that “we are now seeing early benefits from our long battle for equitable treatment by the dominant tech platforms. In particular, our deals with Apple and Facebook are beginning to yield financial dividends for us, and we welcome their respect for the premium journalism produced by the talented professionals at News Corp.”\n\n\nIn addition to the record-setting subscriber performance of Dow Jones and The Wall Street Journal in the last quarter...