Twenty-First Century Fox 2002 Annual Report Download - page 27
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the newspapers
that communities trust ...
Newspapers
The international newspaper operations of News
Corporation, the largest of any English-language
publisher, continue to lead markets large and small
across the globe.
In fiscal 2002, the Company’s papers faced
a worldwide economic and advertising downturn
that cut into profits. Nonetheless, many of them
managed to retain – and in many cases improve
upon – their impressive circulations and revenues.
At News International papers in the U.K., higher
circulation revenues and cost-cutting initiatives
boosted the Company’s renowned mastheads
despite the decline in advertising revenues. As
a result of the Company’s diligence, nearly all its
U.K. papers were able to increase market share
over their competitors. At News Limited in
Australia, circulation at most of the Company’s
newspapers increased during the year. Meanwhile,
in the U.S., the New York Post celebrated 200 years
of excellence as its circulation climbed for an
eighth consecutive year.
Founded nearly 50 years ago as the publisher
of a single newspaper, News Corporation has
made the art of good newspaper journalism
a global strength.
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