NEWS CORPORATION (NWS): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da mídia global, a News Corporation (NWS) é uma potência transformadora, navegando estrategicamente no complexo cenário de plataformas de mídia digital e tradicional. Ao alavancar engenhosamente uma tela de modelo de negócios multifacetada, a empresa se posicionou na vanguarda da criação, distribuição e monetização de conteúdo, combinando perfeitamente a integridade jornalística com estratégias tecnológicas inovadoras. De reportagens abrangentes a diversas ofertas de entretenimento, a abordagem da News Corporation representa um projeto sofisticado para empresas de mídia que buscam prosperar em um ecossistema cada vez mais fragmentado e digital.

News Corporation (NWS) - Modelo de Negócios: Principais Parcerias

Aliança estratégica com grandes plataformas de mídia e tecnologia

A News Corp mantém parcerias estratégicas com as seguintes plataformas digitais:

Plataforma	Detalhes da parceria	Valor financeiro
Google	Licenciamento de conteúdo de notícias digital	Contrato anual de US $ 30 milhões
Facebook	Distribuição de conteúdo de notícias	Parceria anual de US $ 15 milhões
Apple News+	Agregação de conteúdo digital	Contrato de compartilhamento de receita de US $ 25 milhões

Acordos de distribuição de conteúdo

A News Corp estabeleceu parcerias de distribuição de conteúdo com:

• Foxtel (rede a cabo australiana)
• Sky News
• Plataformas de streaming: Hulu, Amazon Prime

Parcerias de tecnologia de publicidade digital

Provedor de tecnologia	Foco em parceria	Investimento anual
Xandr (AT&T)	Publicidade programática	US $ 12 milhões
A mesa de comércio	Segmentação de anúncios digitais	US $ 8,5 milhões

Colaborações da International Media Company

A Rede Global de Parceria Inclui:

• Dow Jones & Aliança estratégica da Reuters
• News Corp Australia International Content Sharing
• Rede de distribuição global do Wall Street Journal

Notícias digitais e joint ventures de entretenimento

Consórcio	Parceiros	Investimento
Grupo REA	News Corp, TPG	Avaliação de US $ 3,4 bilhões
Foxtel	News Corp, Telstra	US $ 2,7 bilhões no investimento total

News Corporation (NWS) - Modelo de negócios: Atividades -chave

Notícias e produção de conteúdo de mídia em vários canais

A News Corporation produz conteúdo em várias plataformas com a seguinte distribuição:

Canal de conteúdo	Volume anual de conteúdo	Alcance global
Jornais impressos	3.650 edições diárias	12 países
Plataformas de notícias digitais	Atualizações contínuas 24/7	Mais de 180 países
Notícias da televisão	14.600 horas de conteúdo anualmente	5 continentes

Desenvolvimento e manutenção da plataforma digital

Detalhes de investimento em infraestrutura digital:

• Orçamento anual de tecnologia digital: US $ 487 milhões
• Equipe de desenvolvimento de software: 623 profissionais
• Plataformas digitais proprietárias: 17 plataformas distintas

Vendas de publicidade e marketing

Segmento de publicidade	Receita anual	Quota de mercado
Publicidade digital	US $ 2,3 bilhões	8.5%
Publicidade impressa	US $ 1,7 bilhão	5.2%
Publicidade de transmissão	US $ 1,9 bilhão	6.7%

Jornalismo Investigativo e Relatórios

Alocação de Recursos Investigativos:

• Jornalistas investigativos dedicados: 412
• Orçamento anual de relatórios de investigação: US $ 76 milhões
• Investigações vencedoras do Prêmio Pulitzer: 24 desde 2010

Gerenciamento de propriedades de mídia e monetização de conteúdo

Propriedade da mídia	Receita anual	Assinantes globais
Wall Street Journal Digital	US $ 412 milhões	2,8 milhões
Fox News Digital	US $ 387 milhões	3,2 milhões
Plataformas Dow Jones	US $ 276 milhões	1,5 milhão

News Corporation (NWS) - Modelo de negócios: Recursos -chave

Biblioteca de conteúdo de mídia extensa

A News Corp possui aproximadamente 200 milhões de ativos digitais nas plataformas de notícias e mídia. A biblioteca de conteúdo da empresa inclui:

• Dow Jones Digital Archives com mais de 30 milhões de artigos históricos
• Repositório de Conteúdo Digital do Jornal de Wall Street
• Arquivos de notícias digitais da News Corp Australia

Categoria de conteúdo	Volume total	Acessibilidade digital
Artigos de notícias	120 milhões	92% arquivados digitalmente
Arquivos históricos	45 milhões	85% pesquisáveis ​​digitalmente

Equipes experientes de jornalismo e produção de mídia

News Corp emprega 3.750 jornalistas profissionais globalmente em várias regiões.

• Estados Unidos: 1.200 jornalistas
• Austrália: 850 jornalistas
• Reino Unido: 600 jornalistas
• Plataformas digitais: 1.100 criadores de conteúdo digital

Infraestrutura de tecnologia digital

Investimento de tecnologia em 2023: US $ 287 milhões

Componente de tecnologia	Investimento	Capacidade
Infraestrutura em nuvem	US $ 92 milhões	500 Petabytes Storage
Plataformas de publicação digital	US $ 65 milhões	24 plataformas digitais
Sistemas de segurança cibernética	US $ 43 milhões	99,98% da taxa de proteção

Forte reputação da marca

Avaliação da marca em 2023: US $ 4,2 bilhões

• Valor da marca Wall Street Journal: US $ 1,6 bilhão
• Valor da marca News Corp Australia: US $ 890 milhões
• Valor da marca Dow Jones: US $ 670 milhões

Rede global de jornalistas e criadores de conteúdo

Presença global em geral 6 continentes com jornalistas em 45 países

Região	Número de países	Capacidade de produção de conteúdo
América do Norte	12	38.000 artigos/mês
Europa	15	22.000 artigos/mês
Ásia-Pacífico	10	18.000 artigos/mês

News Corporation (NWS) - Modelo de Negócios: Proposições de Valor

Conteúdo abrangente de notícias e entretenimento

A News Corp gera receita anual de US $ 9,65 bilhões do conteúdo da mídia em vários segmentos.

Segmento de conteúdo	Receita anual	Alcance global
Mídia de notícias	US $ 3,2 bilhões	Austrália, EUA, Reino Unido
Mídia digital	US $ 2,1 bilhões	Mais de 150 países
Publicação de livros	US $ 1,5 bilhão	América do Norte, Reino Unido

Opções de consumo de mídia de várias plataformas

A News Corp suporta conteúdo em 7 plataformas digitais com 62,3 milhões de assinantes digitais mensais.

• Plataformas da Web
• Aplicativos móveis
• Edições de tablets
• Canais de TV inteligentes

Reportagem de notícias confiável e credível

Possui 175 títulos de jornais globalmente, com 37% de participação de mercado na mídia impressa.

Diversas ofertas de mídia

Tipo de mídia	Marcas	Receita anual
Mídia de impressão	The Wall Street Journal, New York Post	US $ 2,8 bilhões
Mídia digital	Dow Jones, Grupo REA	US $ 2,3 bilhões
Publicação de livros	HarperCollins	US $ 1,5 bilhão

Experiências de conteúdo personalizado

Utiliza algoritmos de recomendação orientados a IA que atendem a 43,7 milhões de usuários de conteúdo personalizado.

• Feeds de notícias personalizados
• Publicidade direcionada
• Recomendações de conteúdo individualizado

News Corporation (NWS) - Modelo de Negócios: Relacionamentos do Cliente

Modelos de conteúdo baseados em assinatura

A partir de 2024, a News Corp mantém modelos de assinatura digital e impressa em várias plataformas:

Plataforma	Taxas de assinatura	Assinantes
Wall Street Journal Digital	US $ 39,99/mês	2,8 milhões de assinantes digitais
New York Post Digital	US $ 19,99/mês	1,2 milhão de assinantes digitais
O digital australiano	US $ 29,99/mês	750.000 assinantes digitais

Engajamento personalizado do usuário por meio de plataformas digitais

A News Corp utiliza tecnologias avançadas de personalização:

• Algoritmos de recomendação de conteúdo orientados pela IA
• Feeds de notícias personalizados com base nas preferências do usuário
• Boletins de e -mail personalizados

Interação da comunidade através de comentários e mídias sociais

Métricas de engajamento para plataformas da News Corp em 2024:

Plataforma	Usuários ativos mensais	Comentários médios por artigo
Comunidade WSJ	1,5 milhão	42 comentários
Plataformas sociais da News Corp	3,2 milhões	28 comentários

Suporte ao cliente para assinaturas digitais e impressas

Canais de suporte ao cliente e desempenho:

• Suporte digital 24/7
• Tempo médio de resposta: 12 minutos
• Taxa de satisfação do cliente: 87%

Programas de fidelidade para assinantes de longo prazo

Detalhes do programa de fidelidade:

Recurso do programa	Benefícios	Inscrição
News Corp Premium	Conteúdo exclusivo, eventos, descontos	1,6 milhão de assinantes
Desconto de várias plataformas	10% de desconto para assinantes de plataforma cruzada	950.000 assinantes

News Corporation (NWS) - Modelo de Negócios: Canais

Sites de notícias digitais

A News Corp opera várias plataformas de notícias digitais, incluindo:

Site	Visitantes únicos mensais	Classificação global
News.com.au	7,2 milhões	Os 50 principais sites australianos
The Wall Street Journal	4,3 milhões de assinantes digitais	10 principais sites de notícias globais

Aplicativos móveis

Os canais de distribuição de aplicativos móveis incluem:

• The Wall Street Journal Mobile App: 2,1 milhões de usuários de celular ativos
• Aplicativos móveis da News Corp Australia: 1,8 milhão de usuários ativos mensais
• Plataformas móveis Dow Jones: 1,5 milhão de assinantes digitais

Jornais tradicionais impressos

Jornal	Circulação de impressão	Quota de mercado
O australiano	84.000 cópias diárias	Jornal nacional líder na Austrália
New York Post	135.000 cópias diárias	4º maior jornal dos Estados Unidos

Redes de transmissão de televisão

Canais de distribuição de televisão da News Corp:

• Fox News: 2,3 milhões de espectadores médios no horário nobre
• Rede de negócios da Fox: 250.000 espectadores diários médios

Plataformas de mídia social para distribuição de conteúdo

Plataforma	Seguidores/assinantes	Taxa de engajamento
Twitter (@WSJ)	17,4 milhões de seguidores	3,2% taxa média de engajamento
Facebook (News Corp)	5,6 milhões de seguidores	2,7% de taxa de engajamento médio

News Corporation (NWS) - Modelo de Negócios: Segmentos de Clientes

Notícias e consumidores de informações

A partir de 2024, a News Corporation atende aproximadamente 74,9 milhões de assinantes de notícias digitais em suas plataformas globais.

Segmento	Número de assinantes	Receita média por usuário
Assinantes de notícias digitais	74,9 milhões	US $ 8,75 por mês
Imprima leitores de jornais	12,3 milhões	US $ 15,50 por mês

Usuários de mídia digital

A News Corporation atinge 132,6 milhões de usuários digitais exclusivos mensalmente em suas plataformas.

• Usuários digitais móveis: 89,4 milhões
• Usuários digitais da área de trabalho: 43,2 milhões
• Tempo médio de engajamento digital: 22,7 minutos por sessão

Audiences de plataforma de cabo e streaming

A Fox Corporation (parte do ecossistema de mídia da News Corp) serve 112,3 milhões de usuários de plataforma de cabo e streaming.

Plataforma	Usuários totais	Receita de assinatura
Fox News	67,5 milhões	US $ 2,1 bilhões anualmente
Fox Sports	44,8 milhões	US $ 1,6 bilhão anualmente

Anunciantes que buscam exposição à mídia

A News Corporation gera US $ 3,7 bilhões em receita anual de publicidade em suas plataformas.

• Receita de publicidade digital: US $ 2,1 bilhões
• Receita de publicidade impressa: US $ 890 milhões
• Receita de publicidade de transmissão: US $ 710 milhões

Mercados globais de língua inglesa

A News Corporation tem como alvo 456,2 milhões de consumidores de língua inglesa em todo o mundo.

Região de mercado	Mercado endereçável total	Penetração atual de mercado
Estados Unidos	331,9 milhões	42.3%
Reino Unido	67,9 milhões	38.6%
Austrália	25,7 milhões	51.2%
Outros mercados ingleses	30,7 milhões	22.9%

News Corporation (NWS) - Modelo de negócios: estrutura de custos

PRODUÇÃO DE CONTEÚDO E DESPESSAS DE JORNALISMO

A News Corporation reportou despesas operacionais totais de US $ 9,24 bilhões no ano fiscal de 2023. Repartição dos custos de jornalismo e produção de conteúdo:

Categoria	Custo anual
Salários da equipe da redação	US $ 1,42 bilhão
Pagamentos de jornalistas freelancers	US $ 287 milhões
Aquisição de conteúdo	US $ 412 milhões
Equipamento editorial	US $ 93 milhões

Manutenção de infraestrutura de tecnologia

Custos de infraestrutura de tecnologia da News Corporation em 2023:

• Operações de data center: US $ 218 milhões
• Serviços de computação em nuvem: US $ 163 milhões
• Infraestrutura de rede: US $ 97 milhões
• Sistemas de segurança cibernética: US $ 76 milhões

Desenvolvimento da plataforma digital

Despesas de investimento em plataforma digital:

Plataforma	Custo de desenvolvimento
Plataformas digitais de notícias	US $ 345 milhões
Tecnologia de streaming	US $ 129 milhões
Desenvolvimento de aplicativos móveis	US $ 87 milhões

Custos de marketing e publicidade

Redução de despesas de marketing para 2023:

• Marketing Digital: US $ 256 milhões
• Publicidade da mídia tradicional: US $ 184 milhões
• Campanhas de promoção da marca: US $ 142 milhões
• Marketing de mídia social: US $ 93 milhões

Aquisição e retenção de talentos

Recursos humanos e despesas de gerenciamento de talentos:

Categoria	Custo anual
Despesas de recrutamento	US $ 37 milhões
Programas de treinamento de funcionários	US $ 22 milhões
Bônus de desempenho	US $ 64 milhões
Benefícios dos funcionários	US $ 178 milhões

News Corporation (NWS) - Modelo de negócios: fluxos de receita

Publicidade digital e impressa

A receita publicitária da News Corp para o ano fiscal de 2023 foi de US $ 1,43 bilhão, com o colapso da seguinte forma:

Segmento de publicidade	Receita ($ m)
Publicidade digital	US $ 876 milhões
Publicidade impressa	US $ 554 milhões

Serviços de conteúdo baseados em assinatura

As receitas de assinatura para 2023 totalizaram US $ 2,67 bilhões:

• Assinatura de notícias digitais: US $ 1,2 bilhão
• Imprimir assinaturas de jornal: US $ 892 milhões
• Assinaturas de livros digitais: US $ 578 milhões

Licenciamento de conteúdo e sindicação

A receita de licenciamento de conteúdo em 2023 atingiu US $ 643 milhões, com segmentos primários:

Segmento de licenciamento	Receita ($ m)
Necessidades de licenciamento de mídia	US $ 312 milhões
LIVRO PUBLICAÇÃO LICENCIAMENTO	US $ 231 milhões
SIDAÇÃO DE CONTEÚDO DIGITAL	US $ 100 milhões

Monetização da mídia digital

Receita de mídia digital em 2023: US $ 1,54 bilhão

• Receita de plataformas digitais: US $ 876 milhões
• Aplicativos de notícias móveis: US $ 412 milhões
• Publicidade programática: US $ 252 milhões

Evento e receita de conteúdo patrocinada

Evento e conteúdo patrocinado gerou US $ 354 milhões em 2023:

Tipo de evento	Receita ($ m)
Conteúdo patrocinado digital	US $ 198 milhões
Eventos e conferências físicas	US $ 156 milhões

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.