News Corp Holds Steady on Results Day, Index Rises
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3 Articles
The dual strategy of News Corp regarding actors of the artificial intelligence ecosystem has become more evident than ever in the presentation of results from the first quarter of the year, the third of its fiscal year. Robert Thomson, its CEO, pointed out that it is in discussions with more companies to license its content and at the same time threatened with legal repercussions to others who are using it without permission. In fact, the first …
News Corp holds steady on results day, Index rises
A predominantly green day on the Unmade Index saw News Corp claw back earlier losses and end slightly up after it delivered its quarterly results. Those results had shown a business in transition, relying on its performers REA, Dow Jones and HarperCollins while it strikes deals as an “AI input company”. The core news businesses did not sparkle. Given that overall group revenue was up 9% and EBITDA up 18% on a year earlier — and these were said t…
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