Robert Thomson, the CEO of News Corp, has reported robust international results but attacked AI companies for ‘pilfering’ their work.
Chief executive Robert Thomson says ‘crass kleptomaniac’ AI companies are ‘in possession of stolen goods’ Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast News Corp has reported a slight slide in digital subscriptions at its Australian mastheads, erasing recent gains, among otherwise robust financials at the Rupert Murdoch-backed global conglomerate.
Digital subscribers at News Corp Australia – a division that includes the Australian, the Daily Telegraph and the Herald Sun, among others – fell from 1,166,000 to 1,162,000 during the financial year, according to the company’s internal data published in its full year results on Thursday morning.
The figures represent a reversal in momentum.
The Australian division has grown digital subscriptions in recent years, as it transitions away from its traditional newspaper base.
Sign up for the Breaking News Australia emailNews Corp’s broader news media unit, which includes the Sun and the Times in London and the New York Post, recorded mixed results, with advertising revenue still under pressure, falling 2% during the year to 30 June.
