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Dominic Ponsford of Press Gazette interviewed Dow Jones & Co. CEO Almar Latour on the expansion in 2023 of the mother or father of The Wall Avenue Journal, MarketWatch.com, Barron’s and Investor’s Enterprise Every day.
Right here is an excerpt:
Most information publishers have had a troublesome 2023. As one delegate at our US convention put it: “modestly down is the brand new up”. How is Dow Jones managing to buck the development?
“It was the most effective quarter I believe we had since Information Corp acquired Dow Jones. And so we’re very grateful for the place we’re, however you clearly at all times wish to do higher.
“The arc over time is extra fascinating. We’ve doubled our earnings since pre-Covid. And so the journey is simply on the correct trajectory. We’re now 80% recurring income, we’re at 80%. digital.”
Whereas promoting is down general yr on yr, Latour stated Dow Jones The Belief – a studio that makes the promoting in addition to offering the publishing platform – is rising sharply.
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