The owner of The Wall Street Journal and Dow Jones was impacted by a difficult economic environment.
And Thomson said that there would be other changes to come.
News Corp. reported a difficult quarter, with falling earnings amid a tough ad environment. The company also acknowledged that it was still in talks to potentially sell its digital real estate unit.“We continue to expect higher costs due to supply chain and inflationary pressures,” Panuccio said. “Advertising conditions remain challenging and visibility is limited.”
Asked about the strategic shift at Warner Bros. Discovery, and the overall push for profits in streaming in the U.S., Thomson argued that Foxtel could be poised to benefit.
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