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        BBC bosses haven’t done enough to prevent another Bob Vylan scandal happening again, Culture Secretary blasts

        BBC bosses haven’t done enough to prevent another Bob Vylan scandal happening again, Culture Secretary blasts

        Our prisons HELP inmates be better criminals… we’re a laughing stock, slams ex governor turned Farage’s justice tsar

        Our prisons HELP inmates be better criminals… we’re a laughing stock, slams ex governor turned Farage’s justice tsar

        Almost one million NHS ‘free passes’ handed out to asylum seekers

        Almost one million NHS ‘free passes’ handed out to asylum seekers

        Labour-backing Gary Neville slams Rachel Reeves over crippling tax hikes on businesses

        Labour-backing Gary Neville slams Rachel Reeves over crippling tax hikes on businesses

        Trending Tags

        • Business
          • All
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          US news giants grow revenue despite AI-driven turmoil

          US news giants grow revenue despite AI-driven turmoil

          Dotdash Meredith (now People Inc) says premium ads up as programmatic declines

          Dotdash Meredith (now People Inc) says premium ads up as programmatic declines

          GB News marks milestone on mission to be biggest TV news channel in UK by 2028

          GB News marks milestone on mission to be biggest TV news channel in UK by 2028

          Ipswich local news site launches seed funding round after first year

          Ipswich local news site launches seed funding round after first year

          Trending Tags

          • Tech
            Hunky tarantulas now growing GIANT record-breaking sex organs & mega ‘palp’ saves them from being gobbled by lusty mate

            Hunky tarantulas now growing GIANT record-breaking sex organs & mega ‘palp’ saves them from being gobbled by lusty mate

            Archaeologists uncover 800-year-old bones with strange details & they offer a surprising insight into Aztec life

            Archaeologists uncover 800-year-old bones with strange details & they offer a surprising insight into Aztec life

            Mysterious ‘anomaly’ that may reveal ‘hidden portal’ buried for millennia is uncovered just beneath Pharaoh’s tombs

            Mysterious ‘anomaly’ that may reveal ‘hidden portal’ buried for millennia is uncovered just beneath Pharaoh’s tombs

            Nest of radioactive WASPS found at nuclear site by officials

            Nest of radioactive WASPS found at nuclear site by officials

            Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

            Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

            Remarkable glow in the dark creature captured on camera in the wild ‘for first time’ as it lights up in a neon blue

            Remarkable glow in the dark creature captured on camera in the wild ‘for first time’ as it lights up in a neon blue

          • Health
          • Science

            We’ve probably already been discovered by aliens, but they have some pretty good reasons to hide.

            Almost everyone is said to benefit from a scientifically supported method for improving sleep.

            2,500-year-old rock engravings were found near Mosul, Iraq.

            Is the soul of a person eternal? the findings of scientists

            With its most recent move, is General Electric abandoning wind power?

          • Crypto
          • Entertainment
            • All
            • Gaming
            • Sports
            Tiger Woods’ son Charlie takes huge step towards sealing Junior Ryder Cup spot on Team USA

            Tiger Woods’ son Charlie takes huge step towards sealing Junior Ryder Cup spot on Team USA

            Conor McGregor issues four-word statement after taking biggest step yet to UFC return

            Conor McGregor issues four-word statement after taking biggest step yet to UFC return

            Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

            Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

            The secret underground tunnel where Open golfers hide from thunderstorms but only certain stars can use it at Portrush

            The secret underground tunnel where Open golfers hide from thunderstorms but only certain stars can use it at Portrush

            Jon Jones performs retirement U-turn and announces return to UFC testing pool after Dana White lying claims

            Jon Jones performs retirement U-turn and announces return to UFC testing pool after Dana White lying claims

          • Lifestyle
            • All
            • Fashion
            • food
            • Home improvement
            • Travel
            A Site for Situated Practices: Mezzanine

            Exhibition: Substance & Recoding: The Narrative of Contemporary Objects in the Semantic Turn

            Discover Amsterdam’s beauty from the water

            An adventure on the canals of Amsterdam

            An adventure on the canals of Amsterdam

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain's Latest Collection.

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain’s Latest Collection.

            after builders cleaning

            After Builders Cleaning Services in UK with Cliffycox: Reviving Spaces, Redefining Cleanliness

            Creating an Oasis Deponti Glass Room Products and Maze Outdoor Kitchens

            Creating an Oasis: Deponti Glass Room Products and Maze Outdoor Kitchens

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          US news giants grow revenue despite AI-driven turmoil

          by Anderson
          August 7, 2025
          in Business
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          New York. Picture: Shutterstock

          Four US news giants shrugged off industry angst around the impact of generative AI as they posted robust financial results this week.

          Thomson Reuters, News Corp, People Inc (formerly Dotdash Meredith) and The New York Times collectively reported some $5bn in revenue and nearly $1.2bn in profit in the quarter to the end of June.

          Dotdash Meredith and News Corp have signed content licensing deals with OpenAI, Reuters has made an AI deal with Meta and The New York Times recently licensed its content to fuel Amazon’s AI technology.

          The biggest current threat to publishers from AI technology appears to be falling referral traffic from Google as it offers readers AI-written answers more prominently than article excerpts and links.

          Here are Press Gazette’s highlights from four publishers that illustrate the resilience of the news industry amid technological disruption and macroeconomic uncertainty prompted by unpredictable US trade policy.

          !function(){“use strict”;window.addEventListener(“message”,function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[“datawrapper-height”][t]+”px”;r.style.height=d}}})}();

          Thomson Reuters: AI-enabled products are helping growth

          Reuters News (the famous agency business) is one of Thomson Reuters’ smallest commercial segments but reported revenue up 7% year on year to $218m in the quarter.

          Overall, Thomson Reuters saw revenue grow 3% to £1.8bn and reported profit (EBITDA) for the period up 5% to $678m.

          The company makes most of its money selling information services to legal and tax professionals as well as corporations.

          CEO Steve Hasker said: “We saw good momentum continue in the second quarter, with revenue in line and margins modestly ahead of our expectations.”

          So far AI appears to be a net benefit for Thomson Reuters, which won a legal victory in February over a competitor which was using its Westlaw legal intelligence service to train a AI tool.

          Thomson Reuters has launched new AI features for its tax and accounting and legal businesses which automate tasks.

          Reuters offers its legal and tax professional customers CoCounsel, a service that “seamlessly integrates with Microsoft 365 applications such as Microsoft Teams, Outlook, Word and
          SharePoint, allowing our customers to draft, compare documents and conduct research leveraging the power of AI and our proprietary Thomson Reuters content”.

          Hesker said: “With these advanced agentic AI offerings, we continue to leverage our authoritative content and deep expertise to bring transformative professional-grade AI solutions to our markets.”

          Reuters said that generative AI technology contributes 22% to the value of contracts (up from 15% late last year).

          Chief financial officer Michael Eastwood said: “That’s a pretty strong signal that generative AI enabled products are continuing to be a strong growth tailwind for us.”

          News Corp warns of AI vandalism

          News Corp revenue grew by a sluggish 1% in the quarter to $2.1bn with profit (EBITDA) up 5% to $322m. Overall it grew 2% to $8.5bn for the full year.

          Growth in the US subscription-focused financial news division Dow Jones (which grew EBITDA by 10% to $100m in the period) is being held back by falling profit in the UK and Australia-based news media division (which saw EBITDA fall 13% to $28m).

          CEO Robert Thomson used the results statement to sound the alarm over AI copyright theft.

          He said: “The AI age must cherish the value of intellectual property if we are collectively to realise our potential. Much is made of the competition with China, but America’s advantage is ingenuity and creativity, not bits and bytes, not watts but wit. To undermine that comparative advantage by stripping away IP rights is to vandalise our virtuosity.”

          But so far the AI answer engines do not appear to have dented News Corp’s strong subscriptions business.

          Digital subscriptions grew 9% year on year to 5.7 million across the consumer products in the Dow Jones division, with the Wall Street Journal totalling 4.1 million and Barron’s Group 1.4 million. Digital advertising at Dow Jones grew at a more sluggish 1% in the quarter.

          Falling website traffic to The Sun was cited at one of the reasons behind advertising revenue declining $39m for the full year in the news media division.

          News Corp leaders believe investors are undervaluing the company. The current market cap is $17.5bn (or between and eight and times EBITDA). Thomson Reuters, by contrast, has a market cap of $81bn or around 30 times its annual adjusted EBITDA profit figure for 2024.

          People Inc: More profitable digital revenue replacing lost print dollars

          People Inc, which has just changed its name from Dotdash Meredith, reported overall revenue up just 1% to $427m in the quarter with digital revenue growth of 9% cancelling out print revenue decline of 9%.

          But it can console itself with the fact the new digital revenue is delivering a significantly better profit margin than the lost print dollars.

          People Inc publishes six of the biggest magazine brands in the US including Better Homes and Gardens, Southern Living, People and Real Simple. Online-only brands include Allrecipes, Investopedia and Verywell.

          Overall, the company has seen a significant loss of traffic from Google in recent years so has made significant investment in building direct customer relationships – notably with the launch of the People app in April developed by a 65-strong team.

          People Inc reported a 5% increase in profit (EBITDA) to $70m.

          E-commerce revenue was said to be up 23% year on year.

          Advertising revenue grew by 5% year on year, following 1% growth in Q1. This was attributed to “higher premium advertising revenue due primarily to the Health and Pharmaceuticals, Technology and Travel categories”.

          Similarly to News Corp, People Inc parent company IAC feels its media holdings are seriously undervalued.

          In a presentation to investors it said the value of the company (which currently has a market cap of $2.8bn) could be entirely accounted for by its stake in MGM Resorts (the gambling and casinos business) and cash of $800m. It said this effectively rates the value of People and other media assets, including the Daily Beast, at zero.

          People Inc still carries $1.47bn of debt from the 2021 acquisition by IAC’s Meredith of Dotdash.

          New York Times: Subscriptions fuel bumper growth

          The New York Times put in the strongest relative performance of the four big US news media giants reporting this week, with revenue up 7% year on year to $686m and operating profit up 21% to $106m.

          The headlines are all around subscriber growth.

          Total subscribers saw net growth of 250,000 (230,000 digital-only) in the quarter to a new record of 11.88 million across the portfolio (which includes The New York Times, The Athletic and the puzzles portfolio).

          Digital-only subscription revenue grew 15.1% to $350m in the quarter. Digital advertising revenue was also up, by 18.7% to $94m.

          The Athletic, which was acquired by the New York Times for $550m in 2022, continues to return a profit – delivering adjusted operating profit of $6m in the quarter.

          Some $3.5m was spent in the quarter on suing OpenAI over unlawful copying and commercial exploitation of New York Times journalism.

          Chief executive Meredith Kopit Levien said: “Our world-class news coverage and diverse portfolio of lifestyle products in big spaces are continuing to attract large audiences who engage deeply. We grew all of our major revenue lines — subscription, advertising, affiliate, and licensing — with real running room ahead.

          “And, we’re generating significant free cash flow, which, combined with a strong balance sheet, means we can keep investing in the unparalleled journalism and best-in-class product experiences that enable our leadership and underpin our enduring advantages.”

          She singled out video as a strong growth area, saying: “We’re rapidly scaling video across three categories aimed at different user needs and moments. First, we’re producing substantially more news videos that bring people into the major stories of the day, often by putting our reporters in front of the camera to explain and humanize their work.

          “Second, we’re producing more full-length shows, including video versions of podcasts like The Ezra Klein Show and Ross Douthat’s Interesting Times, and also Wesley Morris’ weekly take on culture. Third, we’re using video much more extensively to enhance the experience across our lifestyle products, including sports highlights from major leagues on The Athletic, and new video franchises on Cooking.”

          She said that advertising growth was largely being driven by the (brand-safe) areas of sport and games.

          The post US news giants grow revenue despite AI-driven turmoil appeared first on Press Gazette.

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