Annual Report 2019 Data-driven and t r u t h-le d. AllGet the some arguments Commons analysed. sense. Politics. Tamed. Tamed. 25P THE LESS THAN THE DAILY MIRROR 3 Lions finally Wednesday,S July 4, 2018 FORun A GREATER BRITAIN 50p thesun.co.uk win shootout COLOMBIA 1 ENGLAND 1 ENGLAND WIN 4-3 ON PENS We’ve done it . heroes celebrate the winning penalty last night Show stopper . the save from Pickford in last night’s shootout From NICK PARKER HAND in Moscow ENGLAND finally won a penalty shootout last night — thanks to a sensational one-handed save from keeper Jordan Pickford. His heroics mean we are through to the World Cup quarter-finals for the first time since 2006. England now face Sweden on Saturday for a place in the semis. Everton goalie Jordan said last night: “We knew we were capable of Continued on Page Three OFSEE PAGES JORD 2, 3, 4, 5, SUNSPORT AND GOALS PULLOUT Real estate in re al t i me. Homes, for the real of us.SM Solutions Start With Results NEWS WIRED FOR ADVANTAGE The professional research engine that inspires every decision Harness the world’s knowledge and power strategic decisions with Factiva’s global news database of more than 33,000 sources. Gain an edge for market 74% of its premium sources are not available on the free web and decisions, portfolio strategy with its filtering, analysis and sharing tools, Factiva cuts through and client relationships complexity—straight to the solution. Outperforming markets, recommending investments and nurturing client relationships all call for a trusted, comprehensive news source. With Dow Jones Newswires’ market-movingLearn news, more at dowjones.com/factiva-engine robust data and expert insights, you’re wired to thrive in today’s complex and competitive financial markets. Find your edge at dowjones.com/newswires-advantage © 2019 Dow Jones & Co., Inc. All rights reserved. 3DJ2021 We inform and excite… We inform and excite… inspire and entertain. HBO/ FOXTEL Annual Report 2019 A Message from Rupert Murdoch Now entering our seventh successful year, News Corp is an increasingly digital and global company, defined by unparalleled premium content and iconic, market-leading and multi-platform brands. From Dow Jones, The Wall Street Journal and The Times of London, to our growing digital property platforms, realtor.com® and REA, and one of the leading publishers, HarperCollins, News Corp is a uniquely influential media company. News Corp remains at the forefront of technological and creative innovation, with groundbreaking digital membership and subscription Rupert Murdoch models for our mastheads and channels, the embrace and expansion Executive Chairman of audio, and robust leadership in the digital property sector. We are well positioned to take advantage of the world’s growing appetite for quality content, data and audiences. We will continue to fight for the protection of intellectual property and for the proper recognition of journalism’s value by digital distributors. And we remain focused on maintaining strong financial results through disciplined financial policies, strategic reinvestment and leveraging the linkages between our global business units, premium brands and audiences. As we work to optimize our portfolio, simplify the structure of the Company and increase our focus on creating and distributing premium content, we expect to generate increased profitability and shareholder value. There is no company like News Corp when it comes to the breadth and depth of our news, publishing and digital real estate assets. We are uniquely able to combine our digital and global capabilities to deliver value to audiences, to advertisers and to our investors. Rupert Murdoch Executive Chairman Annual Report 2019 A Message from Robert Thomson News Corp completed fiscal 2019 in a strong position, with revenues increasing 12% and profitability rising 16% against the prior year, reflecting not only the consolidation of Foxtel, but also the continued development of core segments of the company, including Book Publishing and Digital Real Estate Services, and substantial progress in the digital transformation of our News and Information Services businesses. The concerted focus on our primary revenue drivers, The Dow Jones Professional including the creation and distribution of premium content, Information Business posted was reflected in audience growth across News Corp’s revenue growth for the second mastheads and digital properties. We are also focused consecutive year, overcoming the on simplifying the structure of the company and making obvious currency headwinds. An Robert Thomson clear the full value of the sum of our parts. To that end, we important driver has been the Risk Chief Executive announced a strategic review of News America Marketing, & Compliance business, which including a potential sale of the business. grew 24% for the full fiscal year, to exceed $130 million in There is clearly a fundamental shift underway in the revenues, at an attractive margin. Impressively, that business content landscape, and one consequence, along with has more than quadrupled in size since the 2013 separation. intensifying regulatory scrutiny of Big Digital, is a gradual Companies around the world are focused on maximizing transference of value to content creators. With Rupert compliance and minimizing risk so we are confident there will and Lachlan Murdoch’s encouragement, News Corp has be continuing growth in that sector. been advocating vigorously on behalf of journalists and In addition, Dow Jones’ trusted, world-class news coverage the protection of intellectual property, and that intense, and analysis is now carried on the Bloomberg Terminal, sometimes solitary, advocacy has begun to pay dividends. significantly extending the reach and impact of Dow Jones’ We are still at a relatively early stage of this tectonic journalism and analysis. Along with other new partnership transformation, but we believe there will be a flow of arrangements, Dow Jones Newswires is now available revenue to creators in coming years – which should be of on more than 300,000 additional terminals, making it great benefit to News Corp and its investors. the most widely available professional newswires service We have begun partnering with companies, such in the world. as Apple and Twitter, which recognize the value of our In the U.K., in constant currency, The Times grew print content, and discussions are underway with other digital advertising revenues for the second consecutive year. Digital companies. It is clear that the terms of trade and the tenor paid subscriptions at The Times and Sunday Times expanded of our talks are now vastly different to even a year ago. 19% to 304,000, while regulatory approval was received in In fiscal 2019, the News & Information Services August for the two publications to share resources, without segment posted higher profitability, spurred by the rapid undermining their unique identities. rise of digital paid subscribers. The Wall Street Journal, Wireless Group posted its highest ratings ever in the April to The Times and Sunday Times and The Australian all grew June period, and during that time, at Virgin Radio, Chris Evans subscriber volumes at a healthy rate, with digital now reached 1.1 million listeners a week across the U.K. Virgin Radio accounting for the majority of subscribers. There is an continues to be the fastest growing station in the U.K., both in evolving subscription sensibility among consumers, and we reach and listening hours. Meanwhile, talkSPORT saw record are acutely conscious of the need to provide ever better audiences with 3.3 million weekly listeners across the network service to those who rightly have high expectations for in the fourth quarter. their digital experience. We are also deploying the peerless broadcast skills at We believe Dow Jones is a media business with a Wireless to improve the quality of audio products elsewhere distinctive ability to prosper in the digital age. The Wall at News UK to take advantage of rapidly increasing podcast Street Journal recorded 14% growth in digital-only paid demand. subscribers, who account for over 69% of the total In Australia, there was a tangible improvement in profitability, subscriber base of 2.6 million. Circulation revenue trends driven, in part, by an increase in digital subscriptions, which at Dow Jones remained robust, rising 7% for the year, well exceeded 517,000, up 24% year-on-year, with The Australian a above that of the competition. Since separation in 2013, notably strong performer. And news.com.au remained Australia’s Dow Jones’ consumer circulation revenues have grown number one news website throughout the fiscal year, with more than 40% and within that category, digital revenues monthly unique visitors topping 10 million and total visitors of at The Wall Street Journal have expanded by almost 150%. over 91 million in June. News Corp Australia is also benefiting from the acceleration home buying and selling experience. While that acquisition in digital advertising, including the expansion of News Xtend, and the migration towards a performance-based model and from its cost reduction efforts; we believe the business is had an impact on revenues and investment last year, it well positioned for fiscal 2020. represents a commitment to future growth by increasing the At the New York Post, the cover price was doubled to $2 quality of connections between consumers and real estate in Metropolitan markets, the first increase in seven years and professionals, and heightening our potential to maximize the one reason for improved financial results at the Post. The Post value of those interactions. We believe a focus on quality Digital Network extended its reach, with audience numbers connections also increases our ability to generate additional averaging more than 101 million unique users per month in the revenue across the home buying and selling experience, fourth quarter, according to Google Analytics. from mortgage origination to the spending done by families In the Subscription Video Services segment, the combination during the profoundly important process of moving home.