Robert Thomson pleads with Donald Trump over AI theft
News Corp owns the Dow Jones Company, which includes The Wall Street Journal, as well as book publisher Harper Collins, REA Group, and a suite of news titles across the globe such as The Australian, Daily Telegraph, Herald Sun, The Times and The New York Post.
News Corp chief Robert Thomson singled out Trump’s book The Art of the Deal to illustrate an ongoing point about the threats of intellectual theft posed by AI firms.Credit: Ballantine Books
Revenues fell for the News Media segment by four per cent across the year, but total EBITDA rose by 15 per cent to $US153 billion. For the digital real estate segment, which includes REA Group, revenues rose by 9 per cent across the year to $US1.8 billion, with EBITDA up 18 per cent to $US601 million.
The Wall Street Journal has led reporting on Trump’s dealings with disgraced former financier Jeffrey Epstein, with a story in July detailing an alleged letter sent by the now-president to his then-friend in 2003, leading to the multibillion-dollar lawsuit.
The past year has made it clear that discerning audiences “crave content that is profound and purposeful and pithy amidst a morass of mediocrity and mendacity”, Thomson said.
Loading
The Wall Street Journal drove subscriptions seven per cent higher across the year. The suite of Australian mastheads reported digital subscriptions of 993,000, up from 968,000 at the same time last year.
More to come
The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning.
