News Corp CEO, Robert Thomson, emphasizes preference for negotiation over litigation in dealing with generative AI threat. The Wall Street Journal reports over 4m total subs, with EBITDA up 17% to $163 million. News Corp in advanced negotiations with AI companies over access to content, reporting a 3% boost in revenue to $2.59 billion, with a 95% profit increase to $183 million in the second quarter. Thomson expects a deal with OpenAI soon, aiming to be a core content provider for generative AI companies.
“We don’t foresee layoffs or replacement of journalists, and editors, photographers, videographers in any way, shape or form…” Thomson Reuters CEO Steve Hasker says on AI. https://t.co/OzhC8VTMwn
Looks like @newscorp will announce a deal with @OpenAI soon. News Corp CEO Robert Thomson: "We expect to be a core content provider for generative AI companies....those crucial negotiations are at an advanced stage."
News Corp in ‘advanced’ talks with AI firms on deals to license content, CEO says https://t.co/P6nw6YM93F https://t.co/Q5ZnUB4GNd
Almost TOO MANY news lines in News Corp's latest results: deal 'imminent' with generative AI companies; The Times about to launch digital edition in US; digital now more than half of revenues... https://t.co/9HtdtUyHhT
News Corp’s profit soared 95 per cent in the second quarter to $US183 million. https://t.co/u069turWtf
⬇️⬇️⬇️ News Corp. CEO Jabs at New York Times OpenAI Lawsuit: ‘Courtship is Preferable to Courtrooms’ “While certain other media companies prefer litigation, we prefer consultation,” Robert Thomson said on Wednesday’s earnings call. Read more: https://t.co/Jx9yhaWSQw
⬇️⬇️⬇️ News Corp. Reports 3% Boost in Revenue to $2.59 Billion Driven by Dow Jones, Book Publishing and Real Estate The fiscal Q2 of 2024 marked the highest quarterly Dow Jones revenues since its acquisition in 2007 Read more: https://t.co/GmekD4i7Ij
News Corp in ‘advanced negotiations’ with AI companies over access to content, CEO says https://t.co/dAmzcme9Bs
⬇️⬇️⬇️ News Corp. CEO Jabs at New York Times OpenAI Lawsuit: ‘Courtship is Preferable to Courtrooms’ Read more: https://t.co/Jx9yhaWSQw
The Wall Street Journal, which just had sweeping cuts to its DC bureau, now has over 4m total subs (up 7% YoY), according to News Corp earnings. Dow Jones (WSJ publisher) EBITDA up 17% to $163 million, its highest quarter since 2007, the company reports.
News Corp CEO Robert Thomson says in earnings release today that the company prefers "negotiation to litigation" in regards to the generative AI threat https://t.co/JsqvtxfjZO