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News Corp posts record Q1 revenue to beat Wall Street estimates

News Corp. posted record first-quarter sales, beating Wall Street expectations, led by growth in its digital real estate services, book publishing and Dow Jones divisions, the company announced Thursday. The media giant, which owns the New York Post and Wall Street Journal, reported a 148% increase in net income for the quarter to $144 million, […]

Wall Street Journal, NY Post sue AI startup

Media conglomerate News Corp. is a conglomerate that owns the Wall Street Journal, the New York Post, and numerous other media assets. file a lawsuit Artificial intelligence (AI) startups are baffled by what they claim is copyright infringement. The company's lawsuit, filed this week in the Southern District of New York, alleges that Perplexity is […]

NY Post, Wall Street Journal sue Jeff Bezos-backed Perplexity AI

The parent company of the Post and Wall Street Journal has filed a lawsuit against Jeff Bezos-backed artificial intelligence company Perplexity AI, accusing it of engaging in “massive illegal copying” of the publications' copyrighted material. . News Corp. subsidiary NYP Holdings and Dow Jones filed a joint lawsuit against Perplexity AI in federal court in […]