News Corp and the New York Times have both reported strong subscriptions growth and are bucking the trend of news businesses reporting revenue decline.
Rupert Murdoch’s News Corp marked a milestone as digital reached 52% of all revenues, with chief executive Robert Thomson describing this as “more than an e-evolution, it is an e-revolution.”
Thomson told investors: “For the second quarter in succession, News Corp has achieved growth in both revenue and profitability, and we believe there are strong prospects for further growth as difficult, inauspicious macro conditions ease in some of our markets.”
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