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Annual Report 2018 the News the World Needs to Hear

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Annual Report 2018 the News the World Needs to Hear Annual Report 2018 The news the world needs to hear. THE Royal Ascot 12-PAGE Tuesday, June 19, 2018 thesun.co.uk PULLOUT SFORun A GREATER BRITAIN 50p INSIDE By NICK PARKER TUNISIA.....1 HARRY Kane got England off to a flying start in the World Cup last night — triumphing over Tunisia ENGLAND..2 AND a swarm of midges. The Spurs striker netted twice in the 2-1 victory, ‘Opinion’ . Prince Harry heading the winner with three minutes to go. Skipper Harry said after- wards: “I’m absolutely buzz- Meg dad: ing! It’s what dreams are made of. I’m so proud of the Harry will Continued on Page Five Flying . Kane last night after give Don winning goal a chance Swat a win . Raheem Sterling battles bugs By KATIE HODGE PRINCE Harry believes Kane scores Donald Trump should be given “a chance,” Meghan Markle’s dad revealed yesterday. Thomas Markle, 73, said the royal spoke of twice amid the US President when they chatted by phone. He said that Harry is “open” to Brexit and revealed he told the prince not to raise a hand to his daughter. insect swarm Full Story — Pages 8 and 9 and roars... Increases . Mrs May PM: Tax will rise to boost I’M the NHS By STEVE HAWKES HARD-pressed Brits will face tax rises to fund a £20billion-a- year spending boost for the NHS, Theresa May confirmed yesterday. She will freeze tax thresholds in autumn — and raise £1billion from working over-60s’ Nat- ional Insurance. But the PM also claimed increases would be “fair and balanced”. Full Story — Page Two BUZZINGSEE PAGES 4, 5, SUNSPORT AND 12-PAGE GOALS PULLOUT ! The homes people dream of. The stories that change lives. The innova tion that fuels progress. WSJ PODCASTS THE FUTURE OF EYEIIYTNING SEASON 3 From new fertility tools and faux food to blockchain and battlefield Al, season 3 of The Future of Everything podcast series examines how recent advancements in science and technology will dynamically transform our daily lives. mm ApplePodcasts.com/FOE Sponsored by: > THE WALLSTREET JOURNAL. accenture Read ambitiously A Message from Rupert Murdoch News Corp was reborn five years ago, and is growing bigger and stronger every year. In fiscal 2018, we surpassed $1 billion in profitability for the first time, highlighting yet another successful year with robust revenue and Total Segment EBITDA growth. That is a testament to the financial discipline and technological innovation of our people, to the loyalty of our readers, members, audiences and advertisers, and to the strategic expansion of our business. Having significantly broadened our reach digitally and globally this past half-decade, we are well positioned for sustained and substantial growth in the future. Digital Real Estate Services has emerged as a real driver of revenues and profit. Thanks to our strategic acquisitions in the United States and Asia, and to the growth of REA and Move, we are now the most global digital property company, and are poised to capitalize on the real estate sector for years to come. This segment accounted for a third of our Total Segment EBITDA in the fourth quarter and we expect it will continue to be a meaningful contributor to our profitability. Rupert Murdoch By combining Foxtel and FOX SPORTS Australia, News Corp has Executive Chairman created a new and vibrant Subscription Video Services segment, one which shows great promise in the market for sports and entertainment in Australia. Our ability to broadcast and stream popular rugby, Australian rules football and cricket to millions of fans helps us to attract subscribers and advertisers and gives us reason to believe that success lies ahead. Our Book Publishing segment had another stellar year, as the public’s desire for literature of all kinds continues unabated, even in print, despite this digital age, though e-books and audiobooks also have enduring and increasing popularity. Our acquisition of Harlequin four years ago continues to yield dividends as HarperCollins expanded its presence in many languages and countries, and won multi-book global contracts with notable best-selling authors. In News and Information Services, while facing ongoing challenges from industry-wide print advertising declines, we have managed to successfully transition to the digital age, with both digital advertising and subscriptions on the rise in the U.S., U.K. and Australia. We have also capitalized on the public’s growing appetite for quality journalism. It is no surprise some of the most popular and trusted mastheads in the world are in the News Corp portfolio. Taken together, our segments and businesses are helping people and businesses in many ways. We deliver news that everyone needs, with speed and accuracy. We offer books, sports and entertainment that are enjoyed by readers and audiences around the world. We give people offers and insights that help them save money and invest wisely. In all these ways our brands create value for society, and serve as a foundation for our future growth. To ensure continued progress, we exercise strict financial discipline across the board. We put an emphasis on subscriptions to reduce our reliance on advertising and give us a more stable foundation for growth. We constantly innovate, through acquisition of digital start-ups and the technological transformation of existing businesses. And we concentrate on nourishing a culture of creativity, candor and collaboration, which are key to a healthy business environment in this fast-changing world. I thank all of our employees, readers and audiences, advertisers and investors for helping us deliver the most successful fiscal year since our rebirth, and we look forward to even greater progress in the years ahead. Rupert Murdoch Executive Chairman A Message from Robert Thomson These are certainly uncertain times for some media companies, including the social media companies, and so it is quite significant that during fiscal 2018 News Corp grew revenues and Total Segment EBITDA, and was an influential voice of reason and reform in a sector that is evolving but remains in need of profound change. When the new News Corp for the year accounted for less than a third of the whole. was launched five years ago, In fact, in the fourth quarter, subscription and other non- we promised to be relentlessly advertising revenues exceeded 70%, giving News Corp a digital and global, and that healthy foundation for growth in an age in which subscription we would remain faithful to is increasingly important, for revenues and for a deeper the principles and the values relationship with customers. The new Foxtel will also work inherited from the founding much more closely with our mastheads, which we expect company. It was also crucial to become an important marketing platform for subscriber for our shareholders that we growth. In Australia, it is patent that there is a renewed vigor, become more than the sum creativity and customer-consciousness at the company. of our parts, and while we We have traditionally suffered from a paucity of summer ardently believe there is much sports offerings, but the securing of rights from Cricket toil ahead, we are confident Australia for six years and the launch of a dedicated cricket Robert Thomson that closer integration between channel mean that we will have a year-round offering for Chief Executive and among our companies is the first time, and believe that seasonal customer churn helping us realize our potential. will decline. Our mastheads will play a crucial role in Our news mastheads and digital property sites continue to complementing our broadcast platform in the pursuit of work closely to drive valuable audience and traffic, while cricket victories. our high quality journalism is crucial to the burgeoning of For Foxtel, we are confident the current phase of Storyful and to the exponential expansion of Mansion Global. investment in rights and technology should drive increased These are not just contrived concepts, but measurable subscriptions and value for our investors. The new team outcomes, and our full-year numbers provide hard evidence is acutely aware of the importance of improving the user of the company’s successful evolution. This past year, as interface and customer service, and the need to innovate, a result of the transformative combination of Foxtel and such as the introduction of an over-the-top streaming service FOX SPORTS Australia and muscular performances at Book later this year to give more Australians easier access to Publishing and Digital Real Estate Services, the new News premium sports. Corp crossed the billion dollar threshold in profitability, and In News and Information Services, we were able to for the fourth quarter, both revenues and EBITDA were offset print advertising declines through our expanding distinctly higher compared to the previous year. digital revenues. We have seen notable success in Meanwhile, potentially constructive conversations are subscriber growth at Dow Jones, which crossed the underway with Google, YouTube and Facebook to recognize 3 million subscriber mark in June, with digital accounting for provenance, counteract piracy and share the permissioned more than 60% of The Wall Street Journal subscribers. Also, data that was generated by our journalism and our at The Australian, and The Times and The Sunday Times, investment. We sense that these companies are conscious digital subscribers are now more than half of the total that past practices will be untenable, if not illegal, in the subscriber base. Notably, at The Times and The Sunday future. These platforms emphasize engagement but when Times, we surpassed 500,000 total subscribers in June. is irresistibility irresponsibility? The line of least compliance Meanwhile, according to comScore, in May, The Sun Online is not a forward-looking, life-enhancing strategy.
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