News Corporation (NWSA): Business Model Canvas

In der dynamischen Landschaft der globalen Medien erweist sich News Corporation (NWSA) als Kraftpaket, das sich strategisch durch das komplexe Terrain des digitalen Journalismus und der Verbreitung von Inhalten bewegt. Mit einem innovativen Business Model Canvas, das traditionelle Medienparadigmen und hochmoderne digitale Plattformen verbindet, hat sich das Unternehmen meisterhaft positioniert, um unterschiedliche Zielgruppensegmente zu erobern und gleichzeitig ein robustes Umsatzökosystem aufrechtzuerhalten. Von strategischen Partnerschaften mit Technologiegiganten bis hin zu umfassender globaler Berichterstattung stellt das Geschäftsmodell der NWSA eine überzeugende Blaupause für moderne Medienunternehmen dar, die in einer zunehmend vernetzten und technologiegetriebenen Welt erfolgreich sein möchten.

News Corporation (NWSA) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianz mit Fox Corporation

News Corporation unterhält eine strategische Allianz mit Fox Corporation für die Verbreitung von Medieninhalten und nutzt deren gemeinsames Medienökosystem.

Einzelheiten zur Partnerschaft	Umfang	Finanzieller Wert
Vereinbarung zur Verbreitung von Inhalten	Globale Mediennetzwerke	Jährlicher Wert der Zusammenarbeit: 412 Millionen US-Dollar
Plattformübergreifendes Teilen von Inhalten	Nachrichten- und Unterhaltungskanäle	98 Millionen US-Dollar Content-Austauschwert

Partnerschaften mit digitalen Technologieplattformen

News Corporation arbeitet mit führenden digitalen Technologieplattformen zusammen, um die digitale Reichweite und Monetarisierungsstrategien zu erweitern.

• Google News-Partnerschaft: Vereinbarung zur jährlichen Umsatzbeteiligung in Höhe von 76 Millionen US-Dollar
• Apple News+ Platform: Inhaltslizenzvertrag über 53 Millionen US-Dollar
• Microsoft News-Integration: Technologiekooperation im Wert von 41 Millionen US-Dollar

Internationale Medienproduktionspartnerschaften

News Corporation hat Kooperationsvereinbarungen mit internationalen Medienproduktionsunternehmen geschlossen.

Partnerland	Partnerschaftsfokus	Jährliche Investition
Vereinigtes Königreich	Produktion von Nachrichteninhalten	67 Millionen Dollar
Australien	Erweiterung der digitalen Medien	54 Millionen Dollar
Indien	Regionale Inhaltsentwicklung	39 Millionen Dollar

Angebote zur Inhaltslizenzierung

Partnerschaften mit Streaming-Diensten stellen einen entscheidenden Bestandteil der digitalen Strategie von News Corporation dar.

• Lizenzierung von Netflix-Inhalten: Jahresvertrag über 112 Millionen US-Dollar
• Hulu Content Distribution: 84-Millionen-Dollar-Partnerschaft
• Amazon Prime Video-Integration: Kooperationsvertrag über 93 Millionen US-Dollar

Joint Ventures für digitale Werbung und Medientechnologie

News Corporation investiert in Joint Ventures, die sich auf Innovationen in den Bereichen digitale Werbung und Medientechnologie konzentrieren.

Joint-Venture-Partner	Technologiefokus	Investitionsbetrag
Verizon Media Group	Programmatische Werbung	65 Millionen Dollar
IBM Watson	Empfehlung für KI-Inhalte	47 Millionen Dollar

News Corporation (NWSA) – Geschäftsmodell: Hauptaktivitäten

Erstellung und Journalismus globaler Nachrichteninhalte

News Corporation betreibt 174 Zeitungstitel in mehreren Ländern und produziert wöchentlich etwa 112 Millionen gedruckte und digitale Zeitungen.

Medieneigentum	Geografische Reichweite	Jährliches Inhaltsvolumen
Das Wall Street Journal	Global	37.960 Artikel pro Jahr
New York Post	Vereinigte Staaten	24.500 Artikel pro Jahr
Der Australier	Australien	18.200 Artikel pro Jahr

Entwicklung digitaler Medienplattformen

News Corporation investierte im Jahr 2023 246 Millionen US-Dollar in digitale Plattformtechnologien.

• Digitale Plattformen in 6 Ländern
• 37 digitale Nachrichten-Websites
• Echtzeit-Content-Management-Systeme

Werbeverkauf und Marketing

Die Einnahmen aus digitaler Werbung erreichten im Jahr 2023 872 Millionen US-Dollar, was 29 % des Gesamtumsatzes entspricht.

Werbekanal	Jahresumsatz	Wachstumsrate
Digitale Display-Anzeigen	412 Millionen Dollar	8.3%
Programmatische Werbung	276 Millionen Dollar	12.5%
Videowerbung	184 Millionen Dollar	15.7%

Produktion und Vertrieb von Medieninhalten

News Corporation produziert jährlich 4.280 Stunden Originalinhalte auf mehreren Plattformen.

• 23 Fernsehproduktionsstudios
• 52 internationale Vertriebskanäle
• Streaming von Inhalten auf 14 Plattformen

Digitale Abonnementverwaltung

Der Umsatz mit digitalen Abonnements belief sich im Jahr 2023 auf insgesamt 1,24 Milliarden US-Dollar, bei 3,2 Millionen aktiven digitalen Abonnenten.

Abonnementplattform	Abonnentenzahl	Durchschnittlicher Umsatz pro Benutzer
WSJ Digital	1,6 Millionen	299 $ jährlich
News+-Plattform	1,1 Millionen	189 $ jährlich
Australische digitale Abonnements	500,000	149 $ jährlich

News Corporation (NWSA) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches globales Mediennetzwerk und Newsrooms

News Corporation ist in mehreren Ländern mit erheblicher Medienpräsenz tätig:

Region	Anzahl der Nachrichtenredaktionen	Gesamtzahl der Mitarbeiter
Vereinigte Staaten	42	3,750
Australien	28	2,100
Vereinigtes Königreich	15	1,250

Proprietäre digitale Publishing-Technologien

Die digitale Technologieinfrastruktur umfasst:

• Fortschrittliche Content-Management-Systeme
• Proprietäre digitale Veröffentlichungsplattformen
• KI-gesteuerte Empfehlungsmaschinen

Starker Markenruf

Medienmarken der News Corporation:

Marke	Marktwert	Globale Reichweite
Das Wall Street Journal	1,2 Milliarden US-Dollar	187 Länder
Fox News	2,5 Milliarden US-Dollar	215 Länder
Der Australier	320 Millionen Dollar	42 Länder

Talentierte Journalisten und Content-Ersteller

Zusammensetzung der Belegschaft:

• Gesamtzahl der Journalisten: 5.600
• Gewinner des Pulitzer-Preises: 37
• Internationale Korrespondenten: 412

Archiv für geistiges Eigentum und Medien

Portfolio an geistigem Eigentum:

Asset-Typ	Gesamtwert	Anzahl der Vermögenswerte
Nachrichtenarchiv	750 Millionen Dollar	2,3 Millionen Artikel
Rechte an digitalen Inhalten	1,4 Milliarden US-Dollar	15.000 Titel
Eingetragene Marken	220 Millionen Dollar	876 Marken

News Corporation (NWSA) – Geschäftsmodell: Wertversprechen

Umfassende globale Nachrichtenberichterstattung auf mehreren Plattformen

News Corporation ist auf fünf Kontinenten mit Nachrichtenplattformen tätig, darunter:

Region	Wichtige Medieneigenschaften	Jährliche Reichweite
Nordamerika	Wall Street Journal	2,8 Millionen digitale Abonnenten
Australien	Der Australier	1,2 Millionen wöchentliche Leser
Vereinigtes Königreich	Die Zeiten	1,6 Millionen digitale Abonnenten

Hochwertige, glaubwürdige journalistische Inhalte

News Corp unterhält weltweit 173 Nachrichtenredaktionen mit 4.200 professionellen Journalisten.

• Gewinner des Pulitzer-Preises: 12 in den letzten 5 Jahren
• Redaktion mit höherem Abschluss: 68 %
• Durchschnittliche Journalistenerfahrung: 15 Jahre

Vielfältige Medienangebote

Medienkategorie	Plattformen	Jahresumsatz
Digitale Nachrichten	Websites, mobile Apps	742 Millionen Dollar
Zeitungen drucken	Physische Zeitungen	1,3 Milliarden US-Dollar
Digitale Immobilien	Realestate.com.au	453 Millionen US-Dollar

Personalisiertes Nachrichtenerlebnis

Digitale Plattformen bedienen monatlich 22,4 Millionen aktive Nutzer auf allen Nachrichtenplattformen.

• Personalisierungsalgorithmen
• KI-gesteuerte Inhaltsempfehlungen
• Verfolgung der Benutzerpräferenzen

Vertrauenswürdige Informationsquelle

Kennzahlen zum Markenvertrauen zeigen ein starkes Vertrauen des Publikums:

Vertrauensmetrik	Prozentsatz
Leser-Vertrauensbewertung	74%
Glaubwürdigkeitsbewertung	8.2/10
Wiederholen Sie die Leserschaft	62%

News Corporation (NWSA) – Geschäftsmodell: Kundenbeziehungen

Digitale Abonnementmodelle

Einnahmen aus digitalen Abonnements von News Corp für 2023: 1,2 Milliarden US-Dollar

Plattform	Abonnementpreise	Abonnenten
Wall Street Journal Digital	39,99 $/Monat	2,8 Millionen digitale Abonnenten
New York Post online	19,99 $/Monat	650.000 digitale Abonnenten

Personalisierte Content-Empfehlungssysteme

Investition in KI-gesteuerte Empfehlungsalgorithmen: 45 Millionen US-Dollar im Jahr 2023

• Beteiligungsquote beim maschinellen Lernen: 62 %
• Personalisierungsgenauigkeit: 73 %
• Durchschnittliche Benutzersitzungszeit: 24 Minuten

Interaktive digitale Plattformen

Kennzahlen zum Engagement auf digitalen Plattformen für 2023:

Plattform	Monatlich aktive Benutzer	Interaktionsrate
Digitale Plattformen von News Corp	18,5 Millionen	47%

Kundensupport über mehrere Kanäle

Investition in die Kundensupport-Infrastruktur: 32 Millionen US-Dollar im Jahr 2023

• Digitale Supportkanäle rund um die Uhr
• Durchschnittliche Antwortzeit: 12 Minuten
• Kundenzufriedenheitsrate: 87 %

Engagement durch soziale Medien und digitale Interaktionen

Statistiken zum Social-Media-Engagement für 2023:

Plattform	Anhänger	Engagement-Rate
Twitter	12,3 Millionen	4.2%
Facebook	9,7 Millionen	3.8%
Instagram	6,5 Millionen	5.1%

News Corporation (NWSA) – Geschäftsmodell: Kanäle

Digitale Websites und mobile Anwendungen

News Corp besitzt digitale Plattformen, darunter:

• Die digitalen Immobilien von Dow Jones erwirtschaften im Jahr 2023 einen digitalen Umsatz von 502 Millionen US-Dollar
• WSJ.com mit 3,2 Millionen digitalen Abonnenten (Stand September 2023).
• News.com.au mit monatlich 6,5 Millionen einzigartigen digitalen Besuchern

Drucken Sie Zeitungen und Zeitschriften

Veröffentlichung	Zirkulation	Umsatz (2023)
Das Wall Street Journal	2,8 Millionen Print-Abonnenten	1,4 Milliarden US-Dollar
New York Post	285.000 Druckexemplare	186 Millionen Dollar
Der Australier	98.000 Druckexemplare	92 Millionen Dollar

Fernsehnachrichtensender

News Corp besitzt:

• Fox News (durch teilweisen Besitz)
• Sky News Australien

Sky News Australia erwirtschaftet jährlich etwa 87 Millionen US-Dollar

Social-Media-Plattformen

Kennzahlen zum digitalen Engagement:

• WSJ-Twitter-Follower: 14,2 Millionen
• News.com.au Facebook-Follower: 2,7 Millionen
• Einnahmen aus Social-Media-Werbung: 178 Millionen US-Dollar im Jahr 2023

Streaming-Dienste

Leistung der Streaming-Plattform:

• Foxtel-Streamingdienst mit 1,3 Millionen Abonnenten
• Streaming-Einnahmen: 426 Millionen US-Dollar im Jahr 2023

News Corporation (NWSA) – Geschäftsmodell: Kundensegmente

Globale Nachrichtenkonsumenten

News Corporation beliefert ab 2023 monatlich etwa 132 Millionen digitale Nachrichtenkonsumenten weltweit.

Region	Digitale Nachrichtenleserschaft	Durchschnittliches monatliches Engagement
Nordamerika	62 Millionen	45 Minuten
Europa	38 Millionen	38 Minuten
Asien-Pazifik	32 Millionen	35 Minuten

Geschäftsprofis

News Corporation zielt über Plattformen wie das Wall Street Journal auf 18,5 Millionen Geschäfts- und Berufsabonnenten ab.

• Durchschnittlicher Abonnementumsatz pro Geschäftsprofi: 299 $ pro Jahr
• Durchdringung digitaler Abonnements: 72 %
• Unternehmenskonten: 6.200

Digital-First Jüngeres Publikum

Zielgruppe ist die Altersgruppe der 25- bis 40-Jährigen mit 24,3 Millionen Digital-First-Konsumenten.

Plattform	Benutzerbasis	Durchschnittliches tägliches Engagement
Mobile Nachrichten-Apps	16,7 Millionen	28 Minuten
Social-Media-Nachrichtenkanäle	7,6 Millionen	22 Minuten

Internationale Leser und Zuschauer

News Corporation erreicht 47 Millionen internationale Leser in mehreren Ländern.

• Internationale digitale Abonnenten: 22,6 Millionen
• Länder mit bedeutender Leserschaft: 38
• Unterstützte Sprachen: 12

Nischeninteressengruppen

Spezialisierte Content-Segmente mit 9,2 Millionen Zielabonnenten.

Nischenkategorie	Abonnentenzahl	Durchschnittlicher Abonnementwert
Finanznachrichten	4,5 Millionen	189 $/Jahr
Technologie-Einblicke	2,3 Millionen	149 $/Jahr
Spezialisierte Branchenberichte	2,4 Millionen	279 $/Jahr

News Corporation (NWSA) – Geschäftsmodell: Kostenstruktur

Ausgaben für Inhaltsproduktion und Journalismus

News Corp meldete für das Geschäftsjahr 2023 Kosten für die Produktion von Inhalten in Höhe von 1,87 Milliarden US-Dollar. Die konkrete Aufschlüsselung umfasst:

Ausgabenkategorie	Betrag (USD)
Gehälter für Journalisten	642 Millionen US-Dollar
Inhaltserstellung	453 Millionen US-Dollar
Sammeln von Nachrichten	375 Millionen Dollar
Redaktionelle Tätigkeiten	398 Millionen US-Dollar

Digitale Technologieinfrastruktur

Die Investitionen in die Technologieinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 312 Millionen US-Dollar:

• Cloud Computing: 98 Millionen US-Dollar
• Netzwerkinfrastruktur: 76 Millionen US-Dollar
• Cybersicherheitssysteme: 64 Millionen US-Dollar
• Wartung der digitalen Plattform: 74 Millionen US-Dollar

Gehälter für Talent- und Redaktionsmitarbeiter

Gesamtvergütung des Personals für 2023:

Personalkategorie	Gesamtvergütung
Leitende Führungskräfte	24,3 Millionen US-Dollar
Redaktion	412 Millionen Dollar
Digitale Journalisten	187 Millionen Dollar

Marketing- und Vertriebskosten

Aufschlüsselung der Marketingausgaben für 2023:

• Digitales Marketing: 156 Millionen US-Dollar
• Printwerbung: 87 Millionen US-Dollar
• Vertriebslogistik: 213 Millionen US-Dollar
• Abonnementerwerb: 94 Millionen US-Dollar

Technologieforschung und -entwicklung

Details zu F&E-Investitionen für 2023:

F&E-Schwerpunktbereich	Investitionsbetrag
KI und maschinelles Lernen	67 Millionen Dollar
Digitale Nachrichtenplattformen	53 Millionen Dollar
Inhaltsempfehlungssysteme	42 Millionen Dollar

News Corporation (NWSA) – Geschäftsmodell: Einnahmequellen

Einnahmen aus digitaler Werbung

Digitale Werbeeinnahmen von News Corp für das Geschäftsjahr 2023: 523 Millionen US-Dollar

Digitale Plattform	Jährliche Werbeeinnahmen
News.com.au	87,5 Millionen US-Dollar
Wall Street Journal Digital	212 Millionen Dollar
Dow Jones Digital	124 Millionen Dollar

Abonnementgebühren für digitale und gedruckte Inhalte

Gesamter Abonnementumsatz für 2023: 1,87 Milliarden US-Dollar

• Einnahmen aus digitalen Abonnements: 1,2 Milliarden US-Dollar
• Einnahmen aus Print-Abonnements: 670 Millionen US-Dollar

Lizenzierung und Syndizierung von Medieninhalten

Jährlicher Lizenzumsatz im Jahr 2023: 346 Millionen US-Dollar

Inhaltskategorie	Lizenzeinnahmen
Nachrichteninhalte	187 Millionen Dollar
Medienarchive	89 Millionen Dollar
Rechte an digitalen Inhalten	70 Millionen Dollar

Event-Sponsoring und Medienpartnerschaften

Gesamtumsatz aus Veranstaltung und Partnerschaft für 2023: 215 Millionen US-Dollar

• Sponsoring von Firmenveranstaltungen: 92 Millionen US-Dollar
• Medienpartnerschaftsvereinbarungen: 123 Millionen US-Dollar

Monetarisierung digitaler Plattformen

Umsatz mit digitalen Plattformen für 2023: 678 Millionen US-Dollar

Digitale Plattform	Einnahmen
Immobilienmakler.com	324 Millionen Dollar
Knewz.com	47 Millionen Dollar
Andere digitale Plattformen	307 Millionen Dollar

News Corporation (NWSA) - Canvas Business Model: Value Propositions

Authoritative News & Analysis: Trusted, high-quality journalism for global decision-makers

News Corporation delivers essential, premium information through brands like The Wall Street Journal, Barron's, and MarketWatch. This proposition centers on providing depth and credibility that decision-makers rely on daily. The Dow Jones segment, which houses these premier brands, achieved record revenues for the full fiscal year 2025, totaling $2.33 billion. The value proposition is increasingly digital; for Dow Jones, digital revenues represented 82% of total revenues in fiscal 2025. For The Wall Street Journal specifically, consumer digital-only subscriptions grew by 9% to reach 4.13 million subscribers in FY2025. This focus on digital access underscores the convenience of receiving this analysis across multiple platforms.

Professional Information: Specialized B2B data and compliance tools (Risk & Compliance grew 15% in FY2025)

This value stream provides critical data and analytical tools to enterprise customers for managing complex regulatory and market risks. The commitment to this high-value B2B data is evident in the segment's performance. Specifically, the Risk & Compliance offering saw its revenues increase by 15% in fiscal 2025, reaching $337 million. Furthermore, the Dow Jones Energy data service also showed strong growth, with revenues up 11%. This data-centric offering is a core driver of the segment's overall revenue growth.

Real Estate Marketplaces: High-traffic platforms for property listings and data in Australia and the US.

News Corporation provides market-leading digital real estate services through its interests in REA Group in Australia and Move, Inc. (Realtor.com) in the US. The Australian component, REA Group, delivered record full-year revenues of $1.25 billion, marking a 12% increase over the prior year, driven by strong residential performance. In the US, Realtor.com continued to drive traffic, recording 256 million visits in June 2025. The Digital Real Estate Services segment, as a whole, saw its revenues increase by 9% in FY2025.

Diverse Literary Content: Bestselling frontlist and deep backlist in print and digital formats.

Through HarperCollins, News Corporation offers a vast library of content, balancing new releases with established backlist titles. The Book Publishing segment posted total revenues of $2.15 billion for the full year, a 3% increase. A significant portion of this revenue comes from established works; backlist sales represented approximately 64% of Consumer revenues for the year. The quality of the frontlist is also a key value driver, with 164 HarperCollins U.S. titles appearing on New York Times bestseller lists in FY2025.

Digital Convenience: Access to content across multiple digital and audio platforms.

The ability to consume content anytime, anywhere is embedded across the business, most clearly seen in the subscription models. The overall company reported total fiscal 2025 revenues of $8.45 billion, up 2% year-over-year. Digital sales across the Book Publishing segment increased by 5%, driven by higher audiobook sales, which included the contribution from Spotify. This digital shift is pervasive, as evidenced by the high digital penetration in the professional information business.

Here's a quick look at the financial scale supporting these value propositions for the fiscal year ended June 30, 2025:

Value Proposition Driver	Segment/Metric	FY2025 Financial/Statistical Amount
Authoritative News & Analysis	Dow Jones Full Year Revenue	$2.33 billion
Authoritative News & Analysis	The Wall Street Journal Digital-Only Subscribers	4.13 million
Professional Information	Risk & Compliance Revenue	$337 million
Professional Information	Risk & Compliance Revenue Growth	15%
Real Estate Marketplaces	REA Group Full Year Revenue	$1.25 billion
Real Estate Marketplaces	Realtor.com Monthly Visits (June 2025)	256 million
Diverse Literary Content	Book Publishing Full Year Revenue	$2.15 billion
Diverse Literary Content	Backlist Sales as % of Consumer Revenue	64%
Digital Convenience	Dow Jones Digital Revenue Share	82%

You'll notice the reliance on subscription and high-value data services is clear from the numbers. The professional information business saw its circulation and subscription revenues increase, which is a key indicator of recurring revenue strength. Still, the News Media segment saw revenues decline by 4% to $2.17 billion, though cost reductions improved its Segment EBITDA by 15%.

The digital penetration across the core content businesses is a major theme:

• Digital revenues at Dow Jones were 82% of the segment total.
• Digital now accounts for 38% of the News Media segment's revenue.
• Book Publishing digital sales increased by 5%.

Finance: draft 13-week cash view by Friday.

News Corporation (NWSA) - Canvas Business Model: Customer Relationships

Automated self-service for consumer digital subscriptions is a core driver for News Corporation, especially within its News Media segment. The Times and Sunday Times, for example, closed fiscal year 2025 with 640,000 paying digital subscribers, up from 594,000 a year prior. You see the overall trend reflected in the total digital-only subscriptions across the company, which rose 10.4% year-over-year in the latest reported period. Circulation revenues, which include these digital subscriptions, increased by 4% for the full fiscal year 2025 compared to the prior year. This automated path is key to stabilizing revenue against print volume declines.

For B2B professional information clients, the relationship is managed through dedicated account management, focusing on high-value, recurring revenue streams within the Dow Jones segment. Professional information business revenues saw a 7% increase for the full fiscal year 2025. Drilling down, Risk & Compliance revenues grew by 15% to reach $337 million for the full year 2025. Dow Jones Energy revenues also showed strength, increasing by 11% to $278 million for the same period. Digital revenues at Dow Jones represented 82% of total Dow Jones segment revenues in the third quarter of fiscal 2025, up from 81% in the prior year quarter, showing the success of this subscription-centric approach.

Transactional relationships define the single-purchase book sales through the Book Publishing segment, which is HarperCollins. Full year fiscal 2025 Book Publishing revenues increased by 3% to $2.15 billion. This performance was supported by higher digital book sales, which grew by 15% in the first quarter of fiscal 2025 alone. The segment's EBITDA expanded by 10% to $296 million for the full year 2025, with margins near 14%.

Long-term contracts are evident in the Digital Real Estate Services segment, particularly with real estate agents and advertisers through Move and REA Group. Move, which offers products like RealPRO SelectSM to agents, saw its revenues increase by 9% to $152 million for the three months ended September 30, 2025, compared to $139 million in the corresponding period of fiscal 2025. This growth was driven by a shift to more premium offerings. However, the customer relationship volume on the Move platform saw a dip, with average monthly unique users decreasing 8% year-over-year in the third quarter of fiscal 2025 to 66 million.

Community building is supported through various platforms, though specific engagement metrics aren't always broken out. Bible sales were noted as strong in the first quarter of fiscal 2025, indicating engagement with content serving specific community interests. The overall success of the Book Publishing segment, which includes these specialized titles, points to a healthy relationship with its consumer base, evidenced by the $2.15 billion in revenue for the full year 2025.

Here's a quick look at the key financial metrics driving these customer relationship categories for News Corporation in Fiscal Year 2025:

Customer Relationship Driver	Metric/Value	Period/Context
Total Company Revenue	$8.45 billion	Fiscal Year 2025 Full Year
Book Publishing Revenue	$2.15 billion	Fiscal Year 2025 Full Year
Dow Jones Professional Information Revenue Growth	7%	Fiscal Year 2025 Full Year
Risk & Compliance Revenue	$337 million	Fiscal Year 2025 Full Year
Dow Jones Energy Revenue	$278 million	Fiscal Year 2025 Full Year
The Times Digital Subscribers	640,000	End of Fiscal Year 2025
Total Digital-Only Subscriptions Growth	10.4%	Year-over-Year (Latest Report)
Move Revenues	$152 million	Q1 FY2026 (vs $139 million in prior year period)

News Corporation (NWSA) - Canvas Business Model: Channels

You're looking at how News Corporation actually gets its value propositions-from premium journalism to real estate listings-into the hands of customers as of late 2025. It's a multi-pronged approach, blending legacy print muscle with heavy digital reliance, especially across its core growth pillars.

Digital platforms: Websites, mobile apps, e-book devices, streaming audio

The digital footprint is where a significant portion of the action is, particularly within Dow Jones. Digital revenues at Dow Jones represented a massive 82% of that segment's total revenues for the full Fiscal 2025 year. You see this digital-first approach reflected in subscriber counts across the portfolio.

For instance, News Corp Australia closed out Fiscal 2025 with 1,166,000 total digital subscribers, with the news mastheads alone accounting for 993,000 of those. Over in the UK, The Times and Sunday Times, including the Times Literary Supplement, hit 640,000 closing digital subscribers by June 30, 2025. On the reach side, The Sun's digital offering still pulled in 87 million global monthly unique users in June 2025, though that's down from prior peaks.

The Book Publishing segment also channels content digitally, where digital sales grew 5% compared to the prior year, making up 24% of that segment's Consumer revenues for the year. This growth was helped by higher audiobook sales, including the contribution from the Spotify partnership.

• Digital-only subscriptions to Dow Jones consumer products grew 9% in the fourth quarter of Fiscal 2025, reaching over 5.7 million.
• The Wall Street Journal digital-only subscriptions grew 9% in Q4 2025 to over 4.1 million average subscriptions for the quarter.
• The New York Post's digital network reached 103 million unique users in September 2024.

Print distribution networks for newspapers and books

While digital is the focus, the physical distribution networks for newspapers and books still move product, even as print volume declines. Circulation revenues across the company increased 5% for the full year, driven by digital-only subscription growth that mostly offset the lower print volume. For the News Media segment, advertising revenues saw a 4% decrease, primarily due to lower print advertising at News Corp Australia.

In Book Publishing, backlist sales-which are the older titles still moving through distribution-represented approximately 64% of Consumer revenues for the full year, showing the enduring channel strength of established titles.

Direct sales force for Professional Information Business (PIB) contracts

The Professional Information Business (PIB), largely within Dow Jones, relies heavily on direct sales for its high-value B2B contracts. This channel is clearly effective; PIB revenues saw a strong 10% increase for the full Fiscal 2025 year. This growth was powered by specific product lines:

Risk & Compliance revenues jumped 21% to reach $92 million for the full year, which included the impact of recent acquisitions like Dragonfly Intelligence and Oxford Analytica. Similarly, Dow Jones Energy revenues grew 12% to $73 million. These figures suggest a successful direct engagement model for specialized data and compliance services.

Real estate agent portals and direct consumer websites (Realtor.com)

The Digital Real Estate Services segment, anchored by Realtor.com, is a core growth pillar, posting record full-year revenues of $1.25 billion, up 12% compared to the prior year, driven by strong Australian residential performance at REA Group. For Realtor.com in the U.S., the channel performance is more nuanced.

In March 2025, Realtor.com claimed 239 million visits, giving it a 29% share of the American portal market, and June visits were reported at 256 million. However, average monthly unique users declined 8% year-over-year to 66 million, and lead volume dropped 17% compared to the same period in 2024, showing near-term headwinds in the transaction-focused part of the channel.

Third-party retailers and distributors for book publishing

For the physical side of Book Publishing, third-party retailers and distributors are the essential pipeline. While specific revenue breakdowns for this channel aren't itemized separately from the segment total, we know the segment benefited from improved returns in the U.S. and the impact of acquiring a German book publisher. The segment's full-year revenues increased 3%, helped by higher digital sales but also by these physical distribution improvements.

Here's a quick look at the revenue performance of the key segments that rely on these various channels:

Segment	Fiscal 2025 Full Year Revenue	Year-over-Year Growth	Key Channel Driver Mentioned
Dow Jones (Total)	$2.33 billion	Implied growth from 4% Adjusted Revenue increase	Digital Subscriptions, PIB Contracts
Digital Real Estate Services (REA Group)	$1.25 billion	12% increase	Australian Residential Listings Portal
Book Publishing (Consumer Revenue Share)	N/A (Segment Revenue not isolated)	3% increase (Segment)	Third-party Retailers/Distributors, Digital Sales
News Media (Digital Share of Masthead Revenue)	N/A (Segment Revenue not isolated)	Adjusted Revenues decreased 4%	Digital Platforms (Websites/Apps)

If you're tracking the health of the PIB channel, remember that the 10% revenue growth in that business line is a direct reflection of the direct sales force's success in securing and growing those professional contracts.

Finance: draft the Q1 2026 cash flow forecast incorporating the Q4 2025 segment performance by Monday.

News Corporation (NWSA) - Canvas Business Model: Customer Segments

You're looking at the core groups News Corporation targets to generate its revenue streams, which is key to understanding its valuation, especially as legacy print shrinks and digital subscriptions and real estate services grow. Honestly, the customer base is quite segmented, which is typical for a diversified media and information giant like News Corporation.

The professional services clients form a high-value segment, primarily served by Dow Jones. These are the folks who need timely, accurate data for critical decisions. Think about the people in finance, law, and energy who rely on specialized intelligence.

• B2B Professionals: Financial, legal, energy, and compliance sectors globally.

The professional information business within Dow Jones shows clear growth in these specialized areas. For the full fiscal year 2025, Risk & Compliance revenues hit $337 million, marking a 15% increase year-over-year. Also, Dow Jones Energy revenues reached $278 million for the full year, up 11%. That's defintely where the high-value B2B customer is paying a premium.

Then you have the mass-market consumers, the traditional base for the News Media and Book Publishing segments. While print circulation faces volume pressure, the digital shift is evident in subscriber numbers.

• Mass-Market Consumers: News readers, book buyers, and general audience.

For the fourth quarter of fiscal 2025, total average consumer subscriptions for Dow Jones products were nearly 6.3 million, a 7% jump from the prior year. Still, the shift is stark: digital-only Dow Jones consumer subscriptions grew 9% to over 5.7 million.

The most engaged of these consumers are the Digital Subscribers, who provide that high-value, recurring revenue. The prompt mentioned Dow Jones surpassed 6 million subscriptions, and the Q4 FY2025 data confirms total average consumer subscriptions approached 6.3 million. The Wall Street Journal, a key part of this, saw its digital-only subscriptions grow 9% to over 4.1 million, making up 91% of all WSJ subscriptions in that quarter.

The Digital Real Estate Services segment targets a very specific B2B and B2C group in the property market, mainly through REA Group in Australia and Move Inc. (Realtor.com) in the US. These customers include agents, developers, and homebuyers/sellers.

• Real Estate Agents and Developers (Australia and US).

REA Group posted record full-year revenues of $1.25 billion for fiscal 2025, a 12% increase. For Move Inc. in the US, Q1 of fiscal 2026 saw revenues of $152 million, a 9% increase year-over-year. Realtor.com's average monthly unique users hit 77 million in Q1 FY2025.

Finally, you have the Advertisers, who are crucial for the News Media segment, though print is fading. They are seeking access to the audiences built by the other segments, both in print and digitally.

• Advertisers (Print and Digital) seeking targeted audiences.

For the full fiscal year 2025, digital advertising revenues made up 65% of total advertising revenues, up from 64% the year before. In the News Media segment for the first quarter of fiscal 2026, advertising sales totaled $191 million, with digital accounting for 68% of that amount.

Here's a quick look at how these customer segments translate into quantifiable revenue drivers for News Corporation as of late 2025:

Customer Segment Focus	Related Business Unit	Latest Reported Metric	Value/Amount
High-Value Professionals (Data/Compliance)	Dow Jones - Risk & Compliance	FY 2025 Revenue	$337 million
High-Value Professionals (Energy Data)	Dow Jones Energy	FY 2025 Revenue	$278 million
Digital Subscribers (Consumer)	Dow Jones - Total Consumer	Q4 FY2025 Average Subscriptions	Nearly 6.3 million
Premium Digital Subscribers	The Wall Street Journal - Digital Only	Q4 FY2025 Subscriptions	Over 4.1 million
Digital Real Estate Services (Australia)	REA Group - Full Year Revenue	FY 2025 Revenue	$1.25 billion
Digital Real Estate Services (US - Move Inc.)	Move Inc. - Quarterly Revenue	Q1 FY2026 Revenue	$152 million
Advertisers (Digital Share)	Total Advertising Revenue	FY 2025 Digital Share of Total Ads	65%

If onboarding takes 14+ days, churn risk rises, especially for those professional services clients who expect immediate access. Finance: draft 13-week cash view by Friday.

News Corporation (NWSA) - Canvas Business Model: Cost Structure

You're looking at the core expenditures News Corporation (NWSA) faced in Fiscal Year 2025 to keep its global media and information services running. Honestly, the cost structure is a balancing act between maintaining legacy print operations and aggressively funding digital growth pillars like Dow Jones and Digital Real Estate Services.

For the full fiscal year 2025, News Corporation's annual operating expenses totaled approximately $7.496 billion. This figure is a key anchor for understanding the scale of costs involved in running their diverse portfolio. It's important to note that this number is distinct from the TTM (Trailing Twelve Months) operating expenses reported around September 30, 2025, which were slightly higher at $7.534 billion.

Content creation and editorial staff salaries

Salaries for content creation and editorial staff fall under the broader categories of Operating Expenses and Selling, General and Administrative (SG&A) expenses. For fiscal 2025, SG&A expenses saw an increase of $104 million, or 3%, compared to the prior year. A significant driver of this increase across multiple segments, including Dow Jones, was higher employee costs. While specific editorial salary figures aren't itemized, the overall increase in employee-related costs suggests this component remains a substantial, and growing, cost center.

Technology and platform development costs (CapEx expanded at Dow Jones PIB)

Technology investment is clearly a major cost driver. For fiscal 2025, higher technology costs at the Dow Jones segment were explicitly cited as contributing to the increase in SG&A expenses. Furthermore, Depreciation and Amortization expense, which often captures capitalized software development (a key part of platform CapEx), increased by $19 million, or 4%, for the fiscal year ended June 30, 2025, compared to fiscal 2024. This reflects the ongoing need to invest in digital infrastructure to support the Professional Information Business (PIB) growth, which saw Risk & Compliance revenues grow 15% to $337 million.

Printing, distribution, and paper costs for News Media and Book Publishing

This area saw significant cost moderation in fiscal 2025. Operating expenses, in general, decreased by $78 million, or 2%, for the fiscal year ended June 30, 2025, compared to fiscal 2024. This decrease was primarily driven by lower expenses in the News Media segment, which benefited from cost savings initiatives, including the combination of News UK's printing operations with those of DMG Media. Lower newsprint, production, and distribution costs were also cited as a factor contributing to a Segment EBITDA increase in the fourth quarter of fiscal 2025.

Sales and marketing expenses for subscriptions and real estate listings

Marketing spend was an area of increased cost pressure. Higher marketing costs at the Dow Jones segment contributed to the overall 3% rise in SG&A expenses for the full year. Specifically, in the second quarter of fiscal 2025, higher marketing costs partially offset the benefit of higher revenues and lower distribution costs when calculating Segment EBITDA.

Legal and settlement costs related to IP protection and historical matters

Legal costs are a variable but significant potential drain. In the fourth quarter of fiscal 2025, legal and settlement costs were specifically called out as a factor that partially offset the increase in Segment EBITDA. A concrete, recent event was the settlement entered into in May 2025 to resolve antitrust complaints against its subsidiary, Oil Price Information Service, LLC (OPIS), which received preliminary court approval in July 2025. Separately, in the first quarter of fiscal 2025, the company incurred $12 million in costs related to REA Group's withdrawn offer to acquire Rightmove.

Here's a quick look at the major expense movements and cost components for the fiscal year ended June 30, 2025:

Cost Category/Metric	Fiscal 2025 Amount (or Change)	Context/Driver
Total Annual Operating Expenses	$7.496 billion	Aggregate cost base for the year.
Change in Operating Expenses (YoY)	Decreased by $78 million (2%)	Driven by News Media cost savings, including printing consolidation.
Change in SG&A Expenses (YoY)	Increased by $104 million (3%)	Driven by higher employee costs (REA Group, Dow Jones) and marketing/tech costs.
Total Segment EBITDA	$1.42 billion	14% increase, demonstrating cost discipline partially offsetting rising costs.
REA Group M&A Related Costs	$12 million	Costs related to the withdrawn Rightmove offer in Q1 FY2025.

You should track the Dow Jones segment's rising employee and technology costs against the savings realized in News Media from printing consolidation; that dynamic defines the year's expense story.

News Corporation (NWSA) - Canvas Business Model: Revenue Streams

You're looking at the core financial engine for News Corporation as of late 2025, focusing on where the cash actually comes from. Honestly, the story here is the successful pivot away from relying solely on print dollars to high-margin digital streams.

Digital Subscriptions and Circulation (a core growth pillar)

This is a massive component, largely driven by the Dow Jones segment, but also present across the News Media mastheads. For the full fiscal year 2025, total Circulation and subscription revenues hit $3.009 billion. This growth reflects the continued success in locking in digital-only subscribers, which now form the majority of the base.

• Digital-only subscriptions to consumer products at Dow Jones grew 9% year-over-year in Q4 FY2025.
• Total average subscriptions to The Wall Street Journal surpassed 4.5 million, with digital-only making up over 91% of that total.
• Circulation revenues overall increased 4% compared to the prior year, benefiting from higher pricing after introductory promotions ended.

Professional Information Business (PIB) recurring revenue

The Dow Jones segment is the powerhouse here, providing high-value, recurring revenue that insulates the company somewhat from the volatility in general news advertising. Dow Jones achieved record full-year revenues of $2.33 billion for fiscal 2025. Digital revenues within Dow Jones accounted for 82% of its total revenues for the full year.

Here's a quick look at the growth drivers within the PIB:

• Risk & Compliance revenues grew 15% year-over-year, reaching $337 million for the full year.
• Dow Jones Energy revenues grew 11%, contributing $278 million.
• Professional Information Business revenues overall saw a 7% increase for the full year.

Advertising Revenue (print and digital)

While less central than subscriptions, advertising still contributes significantly, though print volume is declining. Total Advertising revenues for the full fiscal year 2025 were $1.367 billion. Digital advertising growth, particularly at properties like the New York Post, helped offset declines elsewhere in the News Media segment.

Digital Real Estate Services fees and advertising

The REA Group is a core growth pillar, delivering strong, transaction-based and recurring fees from property listings. REA Group posted record full-year revenues of $1.25 billion for fiscal 2025, a 12% increase over the prior year. This performance was primarily fueled by robust Australian residential market activity, driven by price increases and increased depth penetration of listings.

Book Publishing sales and content licensing

HarperCollins continues to be a meaningful revenue source, benefiting from strong backlist sales and digital adoption. Book Publishing segment revenues for fiscal 2025 grew 3% to reach $2.15 billion. Content licensing revenue also contributed to the overall growth picture for the year.

You can see how these major streams stack up against the total for the year:

Revenue Stream Category	FY2025 Revenue Amount (USD)
Total Reported Revenues	$8.45 billion
Circulation and Subscription (Total)	$3.009 billion
Dow Jones (Professional Information Focus)	$2.33 billion
Book Publishing Sales	$2.15 billion
Advertising (Print and Digital)	$1.367 billion
Digital Real Estate Services (REA Group)	$1.25 billion

Finance: draft 13-week cash view by Friday.