Statement of Robert Thomson, Chief Executive of News Corp, On Google’s Announcement Regarding Partnerships With News Publishers
News Corp CEO Robert Thomson praised Google's recent partnerships with news publishers, highlighting a critical shift towards valuing premium journalism. He emphasized the recognition of the editorial ecosystem's dysfunctionality and acknowledged upcoming complex negotiations. This statement underscores a pivotal moment for the media landscape, as it may lead to better compensation for quality journalism, setting a precedent for future collaborations.
- Recognition of the value of premium journalism may lead to increased revenue opportunities.
- Establishment of a precedent for future partnerships with tech companies.
- None.
NEW YORK--(BUSINESS WIRE)--News Corp Chief Executive Robert Thomson has commented on Google's announcement today regarding partnerships with news publishers:
“We applaud Google’s recognition of a premium for premium journalism and the understanding that the editorial eco-system has been dysfunctional, verging on dystopian. There are complex negotiations ahead but the principle and the precedent are now established.”
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.
