Aug 15, 2017

News Corp discloses unprecedented figures

News Corp have changed their policy and released figures on the size of their newspaper revenues. What does this allow us to see about News Corp's business, and what does it portend for the future?

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

In a surprising change of policy, News Corp is revealing for the first time the size of its Australian, US and UK newspaper revenues by publishing figures for the year to June. The disclosures are in the company’s 10K filing with the US Securities and Exchange Commission, released Tuesday morning in Australia. The detailed information immediately raised questions about why this "breakthrough" occurred at one of the world’s most opaque listed companies. Companies usually provide this sort of data (especially after years of not doing so) ahead of a major change in policy or approach.

 News has also published, for the first time, circulation figures for its Australian capital city papers (to the end of December 2016), for the UK (to the end of June), and The Wall Street Journal and the New York Post. There were no comparative figures given, so we have no way of knowing the performance during the year except for News telling last week's profit briefing that digital subscriptions in the US, Australia and the UK had risen in the June year (up to 360,000 in Australia, from 272,000 a year earlier).

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One thought on “News Corp discloses unprecedented figures

  1. Bill Hilliger

    The good news just keeps on keeping on. Thank you all and sundry my dear thinking Australians for not buying or supporting Rupert Murdoch NewsCrap and their shitty products including Foxtel.

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