Originally published: February 3, 2010
Last updated: February 4, 2010 - 10:11am
Rupert Murdoch has predicted a sustained period of earnings growth at News Corporation and declared the media and entertainment group is "on the cusp of a digital dynasty" after it posted better-than-expected second-quarter results boosted by a strong contribution from its US film and cable news businesses. News's chairman and chief executive used yesterday's second-quarter results briefing to talk up growth opportunities brought about by the digital revolution and argue that the company behind 20th Century Fox and the Fox News channel had emerged from the global advertising downturn "with renewed vigor and strength."
"Excuse the immodesty but News Corporation's pre-eminence as a content creator comes as the debate over the primacy of content is over," he said, referring to his campaign to get consumers to pay for online news and entertainment.
"Content is not just king. It is the emperor of all things electronic. We are on the cusp of a digital dynasty in which our company and our shareholders will profit greatly."