Rupert Murdoch was bullish, to say the least, in the latest financials earnings call for News Corporation, saying that “content is not just king, it’s the emperor of all things electronic… devices and platforms are proliferating but this clever technology is merely an empty vessel without any great content.”. However, that didn’t stop the company admitting that revenues from its digital media group were down thanks to “lower advertising search revenues at MySpace” which were only partly offset by savings from its restructuring. However, Murdoch is hopeful, saying that News Corp has seen “signs of traffic stabilization”, representing progress in “repositioning MySpace as the prime place where people share thoughts and ideas about music, entertainment and other popular content”. Source: Seeking Alpha

Like what you’ve read here? This is just a snippet from our subscription service.

Our subscribers get the most important digital music news and analysis delivered to them every morning and full reports every week plus access to a massive archive of data and previous reports.

For a free two week trial of Music Ally, sign up here. No strings attached – we promise!

Visited 1 times, 1 visit(s) today
EarPods and phone

Tools: platforms to help you reach new audiences

Tools: Kaiber

In the year or so since its launch, AI startup Kaiber has been making waves,…

Read all Tools >>

Leave a comment

Your email address will not be published. Required fields are marked *