News Corp has announced that Dow Jones has set a new record of 3.5 million subscriptions and The Wall Street Journal crossed the 2 million digital subscriptions mark for the first time, the company said.
Dow Jones also surpassed The New York Times in revenue growth in the final quarter of calendar year 2019, while continuing to increase its profit contribution. Dow Jones is publisher of The Wall Street Journal and Barron´s Group, and its Professional Information Business includes Risk & Compliance, Newswires and Factiva.
The total number of digital subscriptions at Dow Jones grew by 17% in the most recent quarter, with digital subscribers to The Wall Street Journal rising 13%. At Dow Jones, digital accounts for approximately 57% of consumer circulation revenues versus 44% for The New York Times.
“There is a strong and growing appetite for factual, fair and deeply reported journalism, and our latest subscription and financial results demonstrate how well Dow Jones, the Journal and our other publications and products are serving that vital public need,” said Thomson.
Dow Jones advertising revenues in the October-December quarter also outpaced The New York Times, with digital advertising picking up thus far in the first quarter of calendar year 2020.
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: news and information services, subscription video services in Australia, book publishing and digital real estate services. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.