Annual Report 2016 More Than 50% of Dow Jones Revenues Came from Digital N N N N N N
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Annual Report 2016 More than 50% of Dow Jones revenues came from digital n n n n n n WSJ+ GETAWAY Win a Three-Night Stay at Enchantment Resort in Arizona* Nestled among the towering red rocks of Sedona, Arizona, Enchantment Resort n n n n n n n n n n n n n n n n n n n n combines rugged grandeur with luxury and Native American culture. Enjoy stunning scenery and a wide array of activities, including golf at Seven Canyons. COMPETITION CLOSES AT MIDNIGHT ON OCTOBER 31, 2015 HarperCollins expanded ENTER NOW AT WSJPLUS.COM/SEDONA operations in Brazil, EXCLUSIVE TO SUBSCRIBERS France and Italy OFFERS / EXPERIENCES / GETAWAYS / TALKS *No purchase necessary. Void where prohibited. Open to subscribers as of October 2, 2015, 21 and over, who are legal residents of the 50 United States (or D.C.). For full offi cial rules visit wsjplus.com/offi cialrules. © 2015 Dow Jones & Co., Inc. All rights reserved. 6DJ2672 INT ROD UCING n n n n n n Mobile now accounts for ONLY THE EX CEPTIONAL more than 50% of realtor.com®’s overall traffic INT ROD UCING ONLY THE EX CEPTIONAL INT ROD UCING ONLY THE EX CEPTIONAL n n n n n n n n n n n n n n n n n n n n n n n The premier digital destination that connects your brand to the world’s most affluent property seekers featuring a unique selection of prestige properties, premium news, data and insights. mansionglobal.com For advertising opportunities, please contact [email protected] REA acquired iProperty, LAUNCH PARTNERS: Asia’s #1 onlineLAUNCH property PARTNERS: group LAUNCH PARTNERS: © 2015 Dow Jones & Co., Inc. All rights reserved. 6DJ1589 Mansion Global is independent of The Wall Street Journal and the Journal’s Mansion section. Mansion Global is independent of The Wall Street Journal and the Journal’s Mansion section. © 2015 Dow Jones & Co., Inc. All rights reserved. 6DJ1589 ©2015 Dow Jones & Co., Inc.© 2015 All Dow rights Jones reserved. & Co., Inc. All rights reserved. 6DJ1589 Mansion Global is independent ofMansion The WallGlobal isStreet independent Journal of The Wall and Street the Journal Journal’s and the Journal’sMansion Mansion section. section. n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n w The Australian grew to a record high print and digital readership of 3.4 million n n n n n n n n n n n n n n n n n n n n n n n BeLEAVE in Britain YOU CAN FREE UK FROM CLUTCHES Thursday, June 23, 2016 BRITAIN’S BEST-SELLING PAPER 50p thesun.co.uk OF THE EU TODAY n n n n n n n n n n n n n n n SuTHEn SAYS TODAY you can make history — by winning Britain’s independence from the crushing might of the Brussels machine. We urge you to vote Leave ... and make today our Independence Day. For many of us it will be the first vote Continued on Page Four DECISION TIME: PAGES 4 TO 11 The Sun became the fastest growing news website in the UK n n n n n n n n n n n Checkout 51 consistently ranked among the top free shopping apps FOX SPORTS Australia: The leading sports entertainment company in Australia n n n n n n n n n n n n n n n n n n n n n n n n n Unruly helped 91% of Ad Age 100 brands inform and inspire 1.44 billion people worldwide n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n Storyful worked with over 150 brands and publishers, and achieved 4.2 billion video views A Message from Rupert Murdoch n n n n n n n n n n n n n n n n n In the three years since the birth of the new News Corp, we have seen the Company successfully manage and grow the power of its trusted, heritage brands while innovating to transform into a sustainable, profitable, digital and diversified global media business. With prudent and efficient management and hard work by thousands of talented people throughout the organization, News Corp is today home to the most popular and influential newspapers on three continents, one of the best book publishers in the business and the preeminent digital real estate platform in the world. In fact, our property footprint has grown exponentially, beginning with our longstanding leadership role in Australia through the REA Group and expanding with our acquisition of Move, Inc., whose realtor.com® we have helped transform into the second largest digital real estate site in the U.S. This past year, REA also acquired iProperty, Asia’s #1 online property group, with a strong presence in Malaysia, Indonesia, Hong Kong and Thailand and beyond. With a common language of advanced technology and a shared commitment to continual collaboration, the people and businesses of News Corp add up to a whole that is greater than the sum of its parts. Working across sectors and geographies, we leverage premium content and scale to monetize advertising, with a special focus on the valuable data we collect. The platforms of our mastheads and businesses create powerful networks for news and Rupert Murdoch information with great relevance for readers and marketing partners, delivering investors Executive Chairman the best possible results. At the same time, News Corp has taken firm steps to control costs, divesting underperforming businesses and those not core to our mission, while investing in people and enterprises to help us better achieve our digital and global goals, from start-ups like As we continue to Storyful, Checkout 51 and Unruly to established brands like Harlequin and realtor.com®. capitalize on new Since 2015, we launched new digital real estate and news initiatives Mansion Global and Heat Street, and we look forward to finalizing the acquisition of the Wireless Group, home revenue streams, of talkSPORT, the leading sports radio network in the United Kingdom. In Australia, we have we invest in quality secured multi-year rights to broadcast the most popular sporting events. content and its Our successes are tempered by the headwinds we face, from an uncertain global economy to the challenges in the advertising marketplace, which are affecting all publishers digital distribution, around the world. At the same time, we remain focused on fundamentals, including operating including in video efficiencies, portfolio diversification and the aggressive sharing of data and best practices. As we continue to capitalize on new revenue streams, we invest in quality content and and on mobile, so its digital distribution, including in video and on mobile, so that we give people what they that we give people want, how they want to use it. what they want, This is especially significant in such a fast-paced world where “breaking news” is a daily refrain. In these tumultuous times, there is a tremendous value in being able to deliver facts how they want to with speed and accuracy, and in the proper context. That is a demand News Corp is ideally use it. suited to meet, and it is our mission to do so with passion and purpose, as we fulfill our obligations to audiences, investors and the societies in which we live and work. I am gratified by what everyone at News Corp has achieved these past three years, and grateful for the continuing support of our investors and advertisers, as well as the millions of people who are informed, entertained and enlightened every day. Rupert Murdoch Executive Chairman A Message from Robert Thomson n n n n n n n n n n n n n n n n n In fiscal 2016, we made progress on our primary goals: to become more digital, global and diversified, while containing costs and mixing prudent divestments with strategic investments. We are ardently proud of our provenance, and devices, with mobile providing a majority of remain very focused on creating sustainable lead volume in the fourth quarter. We are growth and positive returns for shareholders. naturally pleased with the $122 million gain We ended fiscal 2016 with strong results from the amicable settlement of our litigation in the fourth quarter, highlighted by robust with Zillow, which assisted cash flow for News year-over-year growth in revenues and EBITDA Corp, benefited our shareholders through higher at Digital Real Estate Services and a palpable profitability and allows management to maintain upturn at HarperCollins. In the fourth quarter, we focus on execution without legal distractions. experienced strong revenue growth of 21% in REA continues to strengthen, with another Digital Real Estate and 11% in Book Publishing. record year in reported revenues and profitability, For the full year, total revenues were $8.3 despite the acquisition costs for iProperty, the billion, a 3% year-over-year decline. Excluding leading Southeast Asian property portal, which the impact of foreign currency, acquisitions is itself an investment in future growth. We and divestitures, adjusted revenues were announced the formation of a global property flat compared to the prior year as growth in Robert Thomson network to bring together listings from REA, Digital Real Estate Services was offset by Chief Executive realtor.com®, Mansion Global, PropTiger and lower advertising revenues at the News and iProperty into a widely accessible database, Information Services segment.