News Corp CEO Robert Thomson takes aim at Fairfax’s ‘inevitable’ exit from print

News Corp CEO Robert Thomson has placed emphasis on the value of the printed newspaper in an address to The Daily Telegraph staff, while also taking a swipe at rival publisher Fairfax Media.

According to a report in The Australian, Thomson emphasised the importance of the printed newspaper at time of “much upheaval” when “lesser media companies are contemplating” an exit from print.

Robert Thomson, CEO NewsCorp

Thomson: “There is a vast cauldron of crap content out there”

The comments follow on from comments in May by Fairfax Media CEO, Greg Hywood, that was is “inevitable” the company will close its weekday metro masthead print editions in favour of “weekend only, or more targeted printing”.

The Australian reports Thomson also focused on the low quality of digital content, arguing it cannot compare with the journalism produced by the company’s news brands.

“We have to confidently exert the values of all our platforms and our people,” Thomson was quoted as saying by The Australian.

“There is a vast cauldron of crap content out there. It’s ladled out liberally by distributors and recyclists who are not environmentally sound but are the news equivalent of strip-miners.

“That is why we have to work so hard to protect our intellectual property and assert…our values and the primacy of acts of creation.”

Thomson’s comments come on the heels of News Corp’s financial results which revealed its global profits slid by almost 30% in the 2016 financial year, thanks to a dramatic drop in profitability in its news operations around the world.


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