News Corporation (NWS): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de los medios globales, News Corporation (NWS) se erige como una potencia transformadora, navegando estratégicamente el complejo panorama de las plataformas de medios digitales y tradicionales. Al aprovechar ingeniosamente un lienzo de modelo de negocio multifacético, la compañía se ha posicionado a la vanguardia de la creación, distribución y monetización de contenido, combinando sin problemas la integridad periodística con estrategias tecnológicas innovadoras. Desde informes integrales de noticias hasta diversas ofertas de entretenimiento, el enfoque de News Corporation representa un plan sofisticado para las empresas de los medios que buscan prosperar en un ecosistema cada vez más fragmentado y digital primero.

News Corporation (NWS) - Modelo de negocios: asociaciones clave

Alianza estratégica con las principales plataformas de medios y tecnología

News Corp mantiene asociaciones estratégicas con las siguientes plataformas digitales:

Plataforma	Detalles de la asociación	Valor financiero
Google	Licencias de contenido de noticias digitales	Acuerdo anual de $ 30 millones
Facebook	Distribución de contenido de noticias	Asociación anual de $ 15 millones
Apple News+	Agregación de contenido digital	Contrato de participación en ingresos de $ 25 millones

Acuerdos de distribución de contenido

News Corp ha establecido asociaciones de distribución de contenido con:

• Foxtel (red de cable australiana)
• Sky News
• Plataformas de transmisión: Hulu, Amazon Prime

Asociaciones de tecnología de publicidad digital

Proveedor de tecnología	Enfoque de asociación	Inversión anual
Xandr (AT&T)	Publicidad programática	$ 12 millones
La mesa de comercio	Orientación de anuncios digitales	$ 8.5 millones

Colaboraciones de la compañía de medios internacionales

La red de asociación global incluye:

• Dow Jones & Reuters Strategic Alliance
• News Corp Australia Compartir contenido internacional
• Red de distribución global de Wall Street Journal

Noticias digitales y empresas conjuntas de entretenimiento

Empresa conjunta	Fogonadura	Inversión
Grupo Rea	News Corp, TPG	Valoración de $ 3.4 mil millones
Foxtel	News Corp, Telstra	$ 2.7 mil millones de inversión total

News Corporation (NWS) - Modelo de negocios: actividades clave

Producción de contenido de noticias y medios en múltiples canales

News Corporation produce contenido en múltiples plataformas con la siguiente distribución:

Canal de contenido	Volumen de contenido anual	Alcance global
Imprimir periódicos	3.650 ediciones diarias	12 países
Plataformas de noticias digitales	Actualizaciones continuas 24/7	Más de 180 países
Noticias de televisión	14,600 horas de contenido anualmente	5 continentes

Desarrollo y mantenimiento de la plataforma digital

Detalles de la inversión de infraestructura digital:

• Presupuesto anual de tecnología digital: $ 487 millones
• Equipo de desarrollo de software: 623 profesionales
• Plataformas digitales patentadas: 17 plataformas distintas

Ventas y marketing publicitarios

Segmento publicitario	Ingresos anuales	Cuota de mercado
Publicidad digital	$ 2.3 mil millones	8.5%
Publicidad impresa	$ 1.7 mil millones	5.2%
Publicidad de transmisión	$ 1.9 mil millones	6.7%

Periodismo e informes de investigación

Asignación de recursos de investigación:

• Periodistas de investigación dedicados: 412
• Presupuesto anual de informes de investigación: $ 76 millones
• Investigaciones ganadoras del Premio Pulitzer: 24 desde 2010

Administración de propiedades de medios y monetización de contenido

Propiedad de medios	Ingresos anuales	Suscriptores globales
Wall Street Journal Digital	$ 412 millones	2.8 millones
Fox News Digital	$ 387 millones	3.2 millones
Plataformas Dow Jones	$ 276 millones	1.5 millones

News Corporation (NWS) - Modelo de negocios: recursos clave

Biblioteca extensa de contenido multimedia

News Corp posee aproximadamente 200 millones de activos digitales en todas las plataformas de noticias y medios. La biblioteca de contenido de la compañía incluye:

• Archivos digitales de Dow Jones con más de 30 millones de artículos históricos
• Repositorio de contenido digital de Wall Street Journal
• News Corp Australia Archivos de noticias digitales

Categoría de contenido	Volumen total	Accesibilidad digital
Artículos de noticias	120 millones	92% archivado digitalmente
Archivo Histórico	45 millones	85% de búsqueda digital

Equipos experimentados de periodismo y producción de medios

News Corp emplea 3.750 periodistas profesionales a nivel mundial en múltiples regiones.

• Estados Unidos: 1.200 periodistas
• Australia: 850 periodistas
• Reino Unido: 600 periodistas
• Plataformas digitales: 1.100 creadores de contenido digital

Infraestructura de tecnología digital

Inversión tecnológica en 2023: $ 287 millones

Componente tecnológico	Inversión	Capacidad
Infraestructura en la nube	$ 92 millones	500 almacenamiento de petabytes
Plataformas de publicación digital	$ 65 millones	24 plataformas digitales
Sistemas de ciberseguridad	$ 43 millones	99.98% Tasa de protección

Reputación de marca fuerte

Valoración de la marca en 2023: $ 4.2 mil millones

• Valor de la marca Wall Street Journal: $ 1.6 mil millones
• News Corp Australia Valor de la marca: $ 890 millones
• Valor de la marca Dow Jones: $ 670 millones

Red global de periodistas y creadores de contenido

Presencia global en todo 6 continentes con periodistas en 45 países

Región	Número de países	Capacidad de producción de contenido
América del norte	12	38,000 artículos/mes
Europa	15	22,000 artículos/mes
Asia-Pacífico	10	18,000 artículos/mes

News Corporation (NWS) - Modelo de negocio: propuestas de valor

Contenido integral de noticias y entretenimiento

News Corp genera ingresos anuales de $ 9.65 mil millones del contenido de los medios en múltiples segmentos.

Segmento de contenido	Ingresos anuales	Alcance global
Medios de comunicación	$ 3.2 mil millones	Australia, EE. UU., Reino Unido
Medios digitales	$ 2.1 mil millones	Más de 150 países
Edición de libros	$ 1.5 mil millones	América del Norte, Reino Unido

Opciones de consumo de medios multiplataforma

News Corp admite contenido en 7 plataformas digitales con 62.3 millones de suscriptores digitales mensuales.

• Plataformas web
• Aplicaciones móviles
• Ediciones de tableta
• Canales de televisión inteligentes

Informes de noticias confiables y creíbles

Posee 175 títulos de periódicos a nivel mundial con un 37% de participación de mercado en medios impresos.

Diversas ofertas de medios

Tipo de medios	Marcas	Ingresos anuales
Medios impresos	The Wall Street Journal, New York Post	$ 2.8 mil millones
Medios digitales	Dow Jones, Grupo Rea	$ 2.3 mil millones
Edición de libros	Harpercollins	$ 1.5 mil millones

Experiencias de contenido personalizadas

Utiliza algoritmos de recomendación impulsados ​​por la IA que atienden a 43.7 millones de usuarios de contenido personalizado.

• Feeds de noticias personalizadas
• Publicidad dirigida
• Recomendaciones de contenido individualizado

News Corporation (NWS) - Modelo de negocios: relaciones con los clientes

Modelos de contenido basados ​​en suscripción

A partir de 2024, News Corp mantiene modelos de suscripción digitales e impresos en múltiples plataformas:

Plataforma	Tasas de suscripción	Suscriptores
Wall Street Journal Digital	$ 39.99/mes	2.8 millones de suscriptores digitales
New York Post digital	$ 19.99/mes	1.2 millones de suscriptores digitales
El digital australiano	$ 29.99/mes	750,000 suscriptores digitales

Participación personalizada del usuario a través de plataformas digitales

News Corp utiliza tecnologías avanzadas de personalización:

• Algoritmos de recomendación de contenido impulsado por IA
• Noticias personalizadas basadas en las preferencias de los usuarios
• Boletines de correo electrónico personalizados

Interacción comunitaria a través de comentarios y redes sociales

Métricas de compromiso para plataformas de noticias Corp en 2024:

Plataforma	Usuarios activos mensuales	Comentarios promedio por artículo
Comunidad WSJ	1.5 millones	42 comentarios
Plataformas sociales de News Corp	3.2 millones	28 comentarios

Atención al cliente para suscripciones digitales e impresas

Canales de atención al cliente y rendimiento:

• Soporte digital 24/7
• Tiempo de respuesta promedio: 12 minutos
• Tasa de satisfacción del cliente: 87%

Programas de fidelización para suscriptores a largo plazo

Detalles del programa de fidelización:

Característica del programa	Beneficios	Inscripción
News Corp Premium	Contenido exclusivo, eventos, descuentos	1.6 millones de suscriptores
Descuento multiplataforma	10% de descuento para suscriptores multiplataforma	950,000 suscriptores

News Corporation (NWS) - Modelo de negocios: canales

Sitios web de noticias digitales

News Corp opera múltiples plataformas de noticias digitales que incluyen:

Sitio web	Visitantes únicos mensuales	Clasificación global
News.com.au	7.2 millones	Top 50 sitios web australianos
The Wall Street Journal	4.3 millones de suscriptores digitales	Top 10 sitios web de noticias globales

Aplicaciones móviles

Los canales de distribución de aplicaciones móviles incluyen:

• La aplicación móvil de Wall Street Journal: 2.1 millones de usuarios móviles activos
• News Corp Australia Aplicaciones móviles: 1.8 millones de usuarios activos mensuales
• Plataformas móviles Dow Jones: 1.5 millones de suscriptores digitales

Periódicos impresos tradicionales

Periódico	Impresión de circulación	Cuota de mercado
El australiano	84,000 copias diarias	Periódico nacional líder en Australia
New York Post	135,000 copias diarias	El cuarto periódico más grande de los Estados Unidos

Redes de transmisión de televisión

NEWS CORP CANLOS DE DISTRIBUCIÓN DE TELEVISIÓN:

• Fox News: 2.3 millones de espectadores de horario estelar promedio
• Fox Business Network: 250,000 espectadores diarios promedio

Plataformas de redes sociales para la distribución de contenido

Plataforma	Seguidores/suscriptores	Tasa de compromiso
Twitter (@wsj)	17.4 millones de seguidores	Tasa de compromiso promedio de 3.2%
Facebook (News Corp)	5.6 millones de seguidores	Tasa de compromiso promedio de 2.7%

News Corporation (NWS) - Modelo de negocios: segmentos de clientes

Consumidores de noticias e información

A partir de 2024, News Corporation atiende a aproximadamente 74.9 millones de suscriptores de noticias digitales en sus plataformas globales.

Segmento	Número de suscriptores	Ingresos promedio por usuario
Suscriptores de noticias digitales	74.9 millones	$ 8.75 por mes
Lectores de periódicos impresos	12.3 millones	$ 15.50 por mes

Usuarios de medios digitales

News Corporation alcanza los 132.6 millones de usuarios digitales únicos mensualmente en sus plataformas.

• Usuarios digitales móviles: 89.4 millones
• Usuarios digitales de escritorio: 43.2 millones
• Tiempo promedio de participación digital: 22.7 minutos por sesión

Audiencias de la plataforma de cable y transmisión

Fox Corporation (parte del ecosistema de medios de News Corp) atiende a 112.3 millones de usuarios de la plataforma de cable y transmisión.

Plataforma	Usuarios totales	Ingresos por suscripción
Fox News	67.5 millones	$ 2.1 mil millones anualmente
Fox Sports	44.8 millones	$ 1.6 mil millones anualmente

Los anunciantes que buscan exposición a los medios

News Corporation genera $ 3.7 mil millones en ingresos publicitarios anuales en sus plataformas.

• Ingresos de publicidad digital: $ 2.1 mil millones
• Imprimir ingresos por publicidad: $ 890 millones
• Ingresos publicitarios de transmisión: $ 710 millones

Mercados globales de habla inglesa

News Corporation se dirige a 456.2 millones de consumidores de habla inglesa a nivel mundial.

Región de mercado	Mercado total direccionable	Penetración actual del mercado
Estados Unidos	331.9 millones	42.3%
Reino Unido	67.9 millones	38.6%
Australia	25.7 millones	51.2%
Otros mercados ingleses	30.7 millones	22.9%

News Corporation (NWS) - Modelo de negocio: Estructura de costos

Producción de contenido y gastos de periodismo

News Corporation reportó gastos operativos totales de $ 9.24 mil millones en el año fiscal 2023. Desglose de costos de producción de periodismo y contenido:

Categoría	Costo anual
Salarios del personal de la sala de redacción	$ 1.42 mil millones
Pagos de periodistas independientes	$ 287 millones
Adquisición de contenido	$ 412 millones
Equipo editorial	$ 93 millones

Mantenimiento de la infraestructura tecnológica

Costos de infraestructura tecnológica para News Corporation en 2023:

• Operaciones del centro de datos: $ 218 millones
• Servicios de computación en la nube: $ 163 millones
• Infraestructura de red: $ 97 millones
• Sistemas de ciberseguridad: $ 76 millones

Desarrollo de plataforma digital

Gasto de inversión de plataforma digital:

Plataforma	Costo de desarrollo
Plataformas digitales de noticias	$ 345 millones
Tecnología de transmisión	$ 129 millones
Desarrollo de aplicaciones móviles	$ 87 millones

Costos de marketing y publicidad

Desglose de gastos de marketing para 2023:

• Marketing digital: $ 256 millones
• Publicidad de medios tradicional: $ 184 millones
• Campañas de promoción de la marca: $ 142 millones
• Marketing en redes sociales: $ 93 millones

Adquisición y retención de talentos

Gastos de recursos humanos y gestión del talento:

Categoría	Costo anual
Gastos de reclutamiento	$ 37 millones
Programas de capacitación de empleados	$ 22 millones
Bonos de rendimiento	$ 64 millones
Beneficios para empleados	$ 178 millones

News Corporation (NWS) - Modelo de negocios: flujos de ingresos

Publicidad digital e impresa

Los ingresos por publicidad de News Corp para el año fiscal 2023 fueron de $ 1.43 mil millones, con un desglose de la siguiente manera:

Segmento publicitario	Ingresos ($ M)
Publicidad digital	$ 876 millones
Publicidad impresa	$ 554 millones

Servicios de contenido basados ​​en suscripción

Los ingresos por suscripción para 2023 totalizaron $ 2.67 mil millones:

• Suscripción de noticias digitales: $ 1.2 mil millones
• Imprimir suscripciones de periódicos: $ 892 millones
• Suscripciones de libros digitales: $ 578 millones

Licencias de contenido y sindicación

Los ingresos por licencia de contenido en 2023 alcanzaron $ 643 millones, con segmentos primarios:

Segmento de licencia	Ingresos ($ M)
Licencias de medios de comunicación	$ 312 millones
Licencias de publicación de libros	$ 231 millones
Sindicación de contenido digital	$ 100 millones

Monetización de medios digitales

Ingresos de medios digitales en 2023: $ 1.54 mil millones

• Ingresos de plataformas digitales: $ 876 millones
• Aplicaciones de noticias móviles: $ 412 millones
• Publicidad programática: $ 252 millones

Evento y ingresos por contenido patrocinado

El evento y el contenido patrocinado generaron $ 354 millones en 2023:

Tipo de evento	Ingresos ($ M)
Contenido patrocinado digital	$ 198 millones
Eventos físicos y conferencias	$ 156 millones

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

You're looking at the core value News Corporation delivers across its diverse portfolio as of late 2025. It's about providing essential information and access, which is reflected in the financial performance of its key pillars.

Authoritative and trusted global news and financial analysis.

This value proposition is anchored by Dow Jones, which achieved record revenues for the full fiscal year 2025, hitting $2.33 billion. The shift to digital subscriptions is nearly complete; digital revenues at Dow Jones represented 82% of its total revenues for the full year. This focus on professional and consumer subscribers is clearly working, as professional information business revenues grew 4% year-over-year for fiscal 2025. You see this strength in specialized areas, too; Risk & Compliance revenue grew 15%, and Dow Jones Energy grew 11% in fiscal 2025. So, the trust translates directly into recurring revenue.

Critical professional data and intelligence for B2B customers.

The professional information business within Dow Jones is where this value proposition shines brightest. It's not just about the Wall Street Journal; it's about proprietary data feeds and compliance tools. For the third quarter of fiscal 2025, revenues from the professional information business showed growth of 11% at Risk & Compliance and 10% at Dow Jones Energy. Furthermore, across the News Media segment, digital subscribers at News Corp Australia reached 1,148,000 as of March 31, 2025, showing the depth of digital penetration for news products. Honestly, this digital focus is key to insulating them from print declines.

Comprehensive, high-quality residential property listings and tools.

The Digital Real Estate Services segment, driven by REA Group in Australia and Move, operator of Realtor.com®, in the U.S., delivered a record full year revenue of $1.25 billion for fiscal 2025, a 12% increase compared to the prior year. REA Group was a major driver, posting record revenues of $1.25 billion for the full year, up 12%. Even with a tough U.S. housing market, Realtor.com® saw June 2025 visits hit 256 million according to Comscore. Here's the quick math on segment contribution:

Segment	FY 2025 Revenue (Approx.)	YoY Growth
Digital Real Estate Services	$1.25 billion (REA Group only)	12%
Dow Jones	$2.33 billion	N/A (Record)

What this estimate hides is the complexity of Move's U.S. performance versus REA Group's strength.

Diverse, best-selling book content across multiple genres and formats.

The Book Publishing segment, which includes HarperCollins, showed solid performance, with revenues increasing for fiscal 2025. This growth was fueled by higher digital book sales and improved returns in the U.S. The segment's performance was also boosted by the impact of $14 million from the acquisition of a German book publisher. For the second quarter of fiscal 2025, Book Publishing revenues grew 8%, driven by strong physical and digital book sales. You can see the segment's importance in the overall picture:

• Fiscal 2025 Total Revenues: $8.45 billion
• Fiscal 2025 Total Segment EBITDA: $1.42 billion
• Fiscal 2025 Net Income from Continuing Operations: $648 million

Monetization of IP through AI licensing, setting a new industry standard.

News Corporation is actively framing the value of its intellectual property against the rise of generative AI. CEO Robert Thomson explicitly noted concerns that content, like the President's books, is being consumed by AI engines, which profits by cannibalizing concepts and undermining future sales. While a specific dollar amount for AI licensing revenue for fiscal 2025 wasn't broken out, the company cited increased content licensing revenues as a driver for the News Media segment's growth. This signals a clear action: defending and monetizing IP is a current, active value driver. Finance: draft the Q1 2026 IP licensing revenue projection by next Tuesday.

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

You're managing relationships across a massive, diversified media and information services company; the approach has to be segmented, which is exactly what News Corporation does. The core relationship strategy hinges on automation for scale and dedicated human touch for high-value B2B clients.

Automated digital subscription management for news and data

For the vast majority of News Corporation's news consumers, the relationship is managed through automated digital subscription systems. This is where the scale lives. Digital revenues now comprise a significant 62% of News Corporation's total business as of fiscal 2025, showing how critical this automated relationship is. Digital circulation revenues accounted for 74% of total circulation revenues for the full fiscal year 2025. You can see the direct result of this automation in the subscriber counts across key properties.

Here are the subscriber numbers as of the end of fiscal 2025 (June 30, 2025) and the most recent update from Q1 FY2026 (September 30, 2025):

Property/Segment	Digital Subscribers (as of June 30, 2025)	Digital Subscribers (as of September 30, 2025)
News Corp Australia (Total)	1,166,000	1.162 million
The Times and Sunday Times (Total)	640,000	640,000
Dow Jones Consumer Products (Total Average)	Approached 6.3 million (Q4 FY2025)	Over 5.9 million (Q1 FY2025 baseline)

The strategy also involves direct engagement to move customers off promotional pricing; circulation revenues increased in Q4 FY2025, reflecting the conversion of customers from introductory promotions to higher pricing. Also, initiatives like 'The Sun Club,' launched in February 2025, offer premium journalism and exclusive offers to boost customer loyalty through direct engagement.

Dedicated sales teams for B2B professional information services

When dealing with enterprise customers, especially through Dow Jones, the relationship shifts entirely to dedicated, high-touch sales teams. This is where the money is, as professional information services are a core growth pillar. Dow Jones achieved record revenues for the full fiscal year 2025 of $2.33 billion. This revenue is heavily reliant on direct B2B relationships, evidenced by the segment's growth.

The growth in the professional information business is what drives the high-value customer relationship success:

• Risk & Compliance revenues grew 15% to $337 million in fiscal 2025.
• Dow Jones Energy revenues grew 11% to $278 million in fiscal 2025.
• The professional information business saw an 8% revenue increase in Q1 Fiscal 2025.

These numbers show that for sophisticated data and compliance needs, News Corporation deploys direct sales to secure and grow these high-revenue, sticky relationships. It's about selling essential data, not just content.

Self-service advertising and listing tools for real estate agents

For the Digital Real Estate Services segment, which includes REA Group and Move, the relationship with real estate agents is largely facilitated through self-service digital platforms. Agents use these tools to list properties and manage their advertising spend. REA Group, the Australian market leader, posted record revenues for fiscal 2025 of $1.25 billion, a 12% increase year-over-year, showing agent adoption of their digital tools is strong. For instance, REA Group's Q2 Fiscal 2025 revenue hit $343 million, a 17% year-over-year increase, driven by strong residential performance, which implies agents are actively using the self-service listing and advertising tools.

The US business, Move, however, faced headwinds, experiencing a slight revenue dip in Q1 Fiscal 2025 due to market conditions, which suggests agent engagement or listing volume was softer there.

Direct-to-consumer sales and marketing for book publishing

The Book Publishing segment, anchored by HarperCollins, manages its D2C relationship through a mix of traditional retail channels and growing digital direct sales. Digital sales, covering e-books and audiobooks, represented 24% of Consumer revenues for fiscal 2025, up from 23% the prior year, and these digital sales increased 5%. This growth was specifically driven by higher audiobooks sales, including the contribution from Spotify, and e-book growth. Still, the backbone of the consumer relationship remains physical book sales, though backlist sales represented approximately 64% of Consumer revenues for the year, indicating a reliance on established, known titles rather than just new releases.

Community engagement via social media and news commentary

Community engagement is managed through social media presence and commentary platforms, though the metrics here show volatility, which is typical for ad-supported social reach. For 'The Sun,' its digital offering reached 87 million global monthly unique users in June 2025, a notable drop from 112 million the prior year, partly due to algorithm changes. In contrast, the New York Post's digital network reached 94 million unique users in September 2025. These figures represent the top-of-funnel engagement, which News Corporation attempts to convert into paying subscribers through the automated systems mentioned earlier. Finance: draft 13-week cash view by Friday.

News Corporation (NWS) - Canvas Business Model: Channels

You're looking at how News Corporation gets its premium content and services into the hands of customers and clients as of late 2025. This is all about the delivery mechanisms, from the digital paywalls to the physical paper routes.

Digital Subscription Platforms

The core of the digital channel strategy relies on direct-to-consumer subscriptions, particularly through the Dow Jones portfolio, which includes The Wall Street Journal. The focus here is on converting promotional users to standard pricing.

For the fiscal year 2025, the Dow Jones segment generated record revenues of $2.33 billion. This performance was heavily underpinned by growth in the professional information business.

Here's a look at the subscriber base metrics:

• The Wall Street Journal ended the quarter ending March 31, 2025, with 4.34 million subscribers.
• Total average subscriptions across Dow Jones consumer products reached 6.10 million in Q3 Fiscal 2025, a 7% annual increase.
• Digital-only consumer subscriptions at Dow Jones grew 9% to over 5.5 million in Q3 Fiscal 2025.
• Digital subscriptions for The Times and Sunday Times reached 616,000 as of December 31, 2024.
• Dow Jones Risk & Compliance revenue specifically grew by 15% for the full fiscal year 2025.

Digital Real Estate Portals

News Corporation channels its digital real estate offerings through major market-leading portals. The Digital Real Estate Services segment was a core growth pillar for the company in fiscal 2025.

The REA Group, which operates realestate.com.au, posted record full-year revenues of $1.25 billion for fiscal 2025, a 12% increase year-over-year.

The US portal, Realtor.com, showed strong momentum, reaching 256 million visits in June 2025.

Channel Component	Metric Type	Value (FY2025 or Latest Available)
REA Group (Australia)	Full Year Revenue	$1.25 billion
REA Group (Australia)	Year-over-Year Revenue Growth	12%
Realtor.com (US)	Visits (June 2025)	256 million
Digital Real Estate Services Segment	Segment EBITDA Growth	18% (FY2025 vs prior year)

Print Distribution

Traditional print distribution networks remain a channel, though they face headwinds. The News Media segment saw its revenues decline by 4% in fiscal 2025, impacted by lower circulation volumes.

Still, digital penetration within this segment is significant, with digital accounting for 38% of the News Media segment's revenue for the full year.

The decline in print circulation revenue was partially offset by cover price increases.

Retailers

The Book Publishing segment, which includes HarperCollins Publishers, uses physical and online retailers as a primary channel. This segment delivered $2.15 billion in revenue for the full fiscal year 2025, representing a 3% increase.

This growth was supported by higher digital book sales and improved returns in the U.S. market, which suggests strong performance through major online retailers like Amazon and established physical bookstores like Barnes & Noble.

Third-Party Tech Platforms

News Corporation actively uses large technology platforms for content distribution and monetization through licensing arrangements. This is a growing channel, especially with AI-focused platforms.

News Corporation has established partnerships with Google and Apple, in addition to a significant deal with OpenAI.

The reported licensing deal with OpenAI, struck in May 2024, is valued at approximately $250 million spread over five years.

You should note that News Corporation CEO Robert Thomson confirmed these partnerships exist as of October 2025.

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

You're looking at the core audience groups News Corporation serves as of late 2025, based on the Fiscal Year 2025 results. Honestly, the customer base is quite segmented, moving from high-value professional data users to mass-market readers and book buyers.

The overall company revenue for the full fiscal year 2025 hit $8.45 billion, with Total Segment EBITDA reaching $1.42 billion. This revenue is spread across these distinct customer groups.

Financial and Legal Professionals: Users of Dow Jones Risk & Compliance and Factiva

This group forms the bedrock of the high-margin professional information business within Dow Jones. These customers pay for critical, timely data and compliance tools.

• Dow Jones segment full-year revenue for fiscal 2025 was $2.33 billion.
• Professional information business revenues grew 4% year-over-year for fiscal 2025.
• Risk & Compliance revenue specifically saw a 15% growth for the full year.
• Dow Jones Energy revenue grew 11% for the full year.
• Digital revenues within Dow Jones represented 82% of that segment's total revenues in fiscal 2025.

What this estimate hides is the impact of the ongoing customer dispute affecting Factiva revenues, which partially offset some of the professional segment's growth.

Mass Market News Consumers: Readers of The Sun, New York Post, and regional papers

This segment, housed in the News Media division, still commands significant reach, though it faces headwinds from platform shifts and algorithm changes. You see the pressure in the top-line numbers for this group.

The News Media segment recorded revenues of $2.17 billion for fiscal 2025, representing a 4% decline year-on-year.

Here's a look at the audience scale for key mastheads as of late 2024/early 2025:

Publication/Group	Metric	Latest Reported Number
The Sun (Global Online Audience)	Monthly Unique Users (Dec 2024)	70 million
The New York Post (Traffic)	Unique Users (Dec 2024)	90 million
News Corp Australia (Digital Subscribers)	Closing Subscribers (June 30, 2025)	993,000
News Corp Australia (Print Readership)	Average Weekly Readers (Year ended Mar 31, 2025)	4.6 million

Digital now makes up 38% of the News Media segment's total revenue.

Real Estate Agents and Brokers: Primary customers for listing and advertising services

These customers drive the Digital Real Estate Services segment, primarily through REA Group in Australia and Move in the US. Agents and brokers use these platforms to list properties and advertise services.

The REA Group posted record revenues of $1.25 billion for fiscal 2025, marking a 12% increase.

Global Book Readers: Consumers of general fiction, non-fiction, and religious titles

The Book Publishing segment, which includes HarperCollins, serves general readers globally. This group is showing resilience, particularly in digital formats.

Book Publishing revenues for fiscal 2025 were $2.15 billion, up 3% from the prior year.

• Digital sales accounted for 24% of the segment's Consumer revenues for the year.
• Backlist sales represented approximately 64% of Consumer revenues for the year.

Digital-Only Subscribers: Dow Jones Consumer Subscriptions

This group represents the individual consumers paying directly for premium content, primarily from The Wall Street Journal, Barron's Group, and Investor's Business Daily (IBD).

You definitely crossed the 6 million threshold here, based on the most recent reporting period ending June 29, 2025 (Q4 FY2025 data):

Total Consumer subscriptions for Dow Jones products reached 6,261,000 (in 000's) for the quarter ending June 29, 2025.

Breaking that down further for that period:

• Digital-only subscriptions totaled 5,719,000 (in 000's).
• Print subscriptions totaled 542,000 (in 000's).

The Wall Street Journal digital-only subscriptions specifically were 4,126,000 (in 000's) in that same period.

Finance: draft 13-week cash view by Friday.

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

You're looking at the expense side of News Corporation's operations as of late 2025, which is heavily influenced by its digital transformation and a focus on cost discipline across its legacy and growth segments.

Content Creation Costs: Salaries for journalists, editors, and authors

Personnel costs are a major component, reflected in segment operating expense movements. For instance, the Dow Jones segment saw increased expenses driven by higher employee costs in fiscal year 2025 compared to fiscal year 2024. Conversely, the News Media segment achieved lower overall expenses, partly due to cost savings initiatives. You see the impact of these labor costs reflected in the overall profitability picture.

• Higher employee costs increased expenses at the Dow Jones segment in FY 2025.
• Cost savings initiatives drove lower expenses in the News Media segment.

Technology and Product Development: Significant investment in digital platforms and AI integration

Investment in technology is ongoing, especially as News Corporation integrates generative AI solutions, particularly within Dow Jones' Factiva service. While specific full-year technology spend isn't itemized against the required segments, we have some quarterly indicators. For the second quarter of fiscal 2025, Research and Development (R&D) expenses were projected to range between $8 million and $10 million. Also, technology costs were cited as a partial offset to EBITDA gains in the fourth quarter.

Print and Distribution Costs: Newsprint, production, and physical delivery logistics

The cost structure for physical media showed improvement in certain areas. For the full fiscal year 2025, one segment reported that its Segment EBITDA increase was partly due to lower newsprint, production and distribution costs. This suggests successful management or renegotiation of supply contracts, which helped offset other rising costs.

Sales and Marketing Expenses: Advertising for subscriptions and real estate services

Marketing spend supports subscription growth across Dow Jones and real estate services. Looking at the second quarter of fiscal 2025, Selling, General, and Administrative expenses were guided to be in the range of $23 million and $25 million. Furthermore, higher marketing costs were noted as a partial offset to Segment EBITDA growth in the fourth quarter of fiscal 2025.

Operating Expenses: Total Segment EBITDA reached $1.42 billion in FY 2025, showing strong cost discipline

The overall cost management story for News Corporation in fiscal 2025 is one of discipline leading to margin expansion. Total Segment EBITDA for the full year reached $1.42 billion, a 14 percent increase over the prior year's $1.24 billion. This improvement was driven by higher revenues and cost savings initiatives, particularly in the News Media segment. The impact of foreign currency fluctuations on operating expenses for the fiscal year ended June 30, 2025, was an increase of $9 million.

Here's a quick look at the key profitability and cost-related metrics for the full fiscal year 2025:

Metric	FY 2025 Amount	Change vs. Prior Year
Total Revenues	$8.45 billion	Up 2 percent
Total Segment EBITDA	$1.42 billion	Up 14 percent
Adjusted Total Segment EBITDA	Not specified	Up 15 percent
Net Income from Continuing Operations	$648 million	Up 71 percent
Operating Expense FX Impact	Increase of $9 million	Increase

The cost structure is clearly benefiting from strategic realignment, even with rising employee and technology expenses in key growth areas. Finance: draft 13-week cash view by Friday.

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

You're looking at how News Corporation actually brings in the money as of late 2025. It's a mix of high-margin digital subscriptions, real estate transaction fees, and now, significant AI licensing income, which helps offset the pressures on traditional print.

The overall picture for Fiscal Year 2025 shows total revenues hitting $8.45 billion, a 2% increase year-over-year, driven by the core growth pillars.

Circulation and Subscription Revenue

This remains a bedrock, especially coming from the professional information side of Dow Jones. For the full fiscal year 2025, Dow Jones delivered record revenues of $2.33 billion.

You see the digital shift clearly here; for the full year, digital revenues at Dow Jones represented 82% of that segment's total revenue. Even in the third quarter, circulation and subscription revenues at Dow Jones were up 8%, or $37 million.

The professional information business saw growth of 15% for the full year, with Risk & Compliance revenues specifically growing by 15%.

Advertising Revenue

Advertising is a mixed bag, showing the ongoing transition away from print. The News Media segment saw its overall revenues decline by 4% in FY 2025. In the third quarter alone, advertising revenues for News Media were down 9%, or $19 million, due to lower print advertising across the group.

To give you context on the segment mix, digital now accounts for 38% of the News Media segment's revenue as of the end of FY 2025.

Digital Real Estate Services Fees

This segment, anchored by REA Group, posted record revenues for the full year 2025. REA Group's revenue reached $1.25 billion, which was a 12% increase compared to the prior year, largely fueled by strong performance in the Australian residential market, including higher listing prices.

Content Licensing

News Corporation is actively monetizing its intellectual property through technology partnerships. The company is expanding these deals, which contributed to revenue growth in FY 2025. The multi-year global partnership with OpenAI, announced in May 2024, was reportedly worth more than $250 million over five years.

CEO Robert Thomson characterized the strategy as 'wooing and suing,' indicating parallel legal actions against unauthorized users while negotiating compensation. News Corporation confirms it has 'significant' partnerships with OpenAI and Apple, alongside a broader collaboration with Google.

• Content licensing revenue increased in FY 2025.
• The OpenAI deal covers content from The Wall Street Journal and New York Post.
• The company is exploring a multi-LLM licensing strategy.
• A recent judicial award against Anthropic for copyrighted book use was $1.5 billion.

Book Sales

The Book Publishing segment delivered revenues of $2.15 billion for the full year 2025, marking a 3% increase. This growth was supported by higher digital book sales and improved returns in the U.S. market.

The segment also benefited from an audiobook deal with Spotify.

Here's a quick look at the key segment revenue contributions for the full fiscal year 2025:

Segment	FY 2025 Revenue (USD)	Year-over-Year Change
Dow Jones	$2.33 billion	Growth driver
REA Group	$1.25 billion	Up 12%
Book Publishing	$2.15 billion	Up 3%
News Media	$2.17 billion	Down 4%

Finance: confirm the Q2 FY26 revenue contribution breakdown by Friday.