News Corp’s Australian newspaper revenue falls as CEO warns Trump of AI’s ‘art of the steal’ | Australian media

The income from News Corp’s global newspaper Mastheads fell sharply by weighing a positive financial result, including Australia.

Rupert Murdoch’s media holding continues to produce a large amount of cash from the digital real estate branch, but in the News Corp Australia, a section containing Australia, Daily Telegraph and Herald Sun, the advertising revenue fell 5% in the last financial year and fell to USD 343 million US dollars ($ 530 million).

According to the results published in the early hours on Wednesday, circulation and subscription income fell.

The British News Department, which considers the times and the sun among the Mastheads, fell even more steep income than the weak advertising conditions in the world had bufkened media companies.

News Corp, a US -based company listed in ASX, runs Harpercollins, owner and book publisher in the USA, England and Australia.

Murdoch is also the owner of Wall Street Journal publisher Dow Jones and has a majority stake in Rea Group, the owner of Realestate.com.au.

At the end of last year, he announced the sale of Foxtel.

News Corp is known for its best traditional media assets, while book publishing, real estate portal and Dow Jones defines information businesses as “basic growth columns ..

The last two episodes earned record revenues last year and increased the total income to $ 8.45 billion ($ 13.1 billion) with an increase of 2%.

Considering that the control share in Rea was directly into the solid real estate market of Australia, the section created an ongoing wind for News Corp.

The real estate portal is expected to face harder competition than the opponent sold in the US giant costs.

News Corp General Manager Robert Thomson described the general result as “sterling ..

Thomson said that shortly after the publication of financial situations, analysts were “in advanced negotiations with various AI companies” about the acquisition of intellectual property.

Media companies around the world have created concerns about how to compensate for the content used to train AI products.

In the comments designed to attract the attention of the US President, Thomson referred to books, including the art of agreement used by Donald Trump’s AI engines without compensation.

“Is it right to consume his books by a AI motor by weakening the future sales of his books by cannibulating their concepts?” Thomson said.

“Suddenly, the art of the agreement has become the art of playing.

“We will fight to protect the intellectual property of our writers and journalists and to continue to sue the companies that violate the most basic property rights.”