News Corp CEO admits to ‘challenging’ ad market as Rupert Murdoch’s pay packet falls
News Corp CEO Robert Thomson has admitted advertising remains a challenge for a number of the media company’s businesses but flagged programmatic trading and increased video and mobile uptake as growth drivers for the company.
The comments were made in Thomson’s message in News Corp’s Annual Report, released to the Australian Securities Exchange (ASX: NWS) this morning, which revealed the Australian earned US$10.29m, with News Corp co-chairman Rupert Murdoch taking home US$5.07m.
“Advertising remains challenging for a number of our businesses, particularly in the UK,” wrote Thomson, who last month accused Google of “piracy, zealotry and kleptocracy” in a speech at the Lowy Institute Media Awards.
I think Thomson mentioned the improved EBITDA – not EBTIDA
Hilariously and hopelessly out of touch. These buffoons will be dragged out kicking and screaming.
Meanwhile Rebekah Brooke’s has slipped back into the hot seat in London…