Revenue in the quarter jumped 6% to $2.58 billion, compared to $2.43 billion a year earlier.
Australian pay television company Foxtel, controlled by the Murdoch family and partly by local telecom firm Telstra , has been put up for sale post third-party interest and a strategic review, owner News Corp said on Thursday.
Media conglomerate News Corp beat Wall Street estimates for fourth-quarter revenue on Thursday, helped by digital subscription growth at it business information unit Dow Jones.
News Corp. and OpenAI have reached an multi-year agreement to provide content for use in artificial intelligence. The deal is the latest that OpenAI has reached with news publishers, even as it defends itself from lawsuits filed by other content creators over the use of their work in training models.
OpenAI and News Corp on Wednesday announced a "multi-year global partnership" that will allow OpenAI to access current and archived articles from News Corp's outlets — including The Wall Street Journal, MarketWatch, Barron's, The New York Post and more. As part of the deal, OpenAI will be able to display content from News Corp-owned outlets within its ChatGPT chatbot, in response to user questions.
Sam Altman-led OpenAI has signed a deal to bring News Corp's news content to the artificial intelligence platform, the companies said on Wednesday.
The content-licensing pact aims to cash in on a technology that promises to have a profound impact on the news-publishing industry.