News Corp the today announced the extension of Chief Executive Officer Robert Thomson’s contract, securing his leadership through June 2030. The decision underscores the company’s confidence in Thomson’s transformative vision and proven ability to drive growth amid a rapidly evolving media landscape.
Since assuming the role of CEO in 2013, Thomson has spearheaded a strategic overhaul of News Corp, focusing on its core growth pillars: Dow Jones, Digital Real Estate Services, and Book Publishing. Under his leadership, the company has delivered its four most profitable years from fiscal 2021 to 2024, with strong performance continuing into fiscal 2025. This success stands in contrast to challenges faced by many legacy media organizations during a period of significant disruption in media and technology.
Thomson’s tenure has been marked by several key achievements. News Corp has shifted its revenue model, with digital revenues now accounting for 50% of total revenues in fiscal 2024, up from roughly 20% in 2014, reducing reliance on cyclical advertising. The company restructured its portfolio, notably through the 2020 re-segmentation of Dow Jones, which has doubled in profitability, and the recent sale of Foxtel to DAZN in April 2025. Strategic acquisitions, including OPIS and Base Chemicals at Dow Jones, have bolstered the B2B segment, making it the largest contributor to Dow Jones’ profitability in fiscal 2024.
Additionally, Thomson has championed intellectual property rights, securing landmark licensing agreements with major technology platforms, including a recent deal with OpenAI. These agreements provide meaningful compensation for News Corp’s content, reinforcing its advocacy for journalism in the digital age. The company’s financial discipline has also earned it an Investment Grade Credit rating across all major credit agencies, reflecting an improved asset mix and a strong balance sheet. In Book Publishing, growth in audiobooks, supported by a strategic partnership with Spotify, has further diversified revenue streams.
“Robert has been instrumental in News Corp’s growth and transformation,” said News Corp Chair Lachlan Murdoch. “His vision and leadership are critical as we navigate rapid change. He has created exceptional shareholder value, transformed our asset base, and invested in key growth drivers. His advocacy for publishers and journalists is vital, and I look forward to his continued leadership.”
Please follow us on Facebook and X for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help. You can find Luke on X HERE.
Update: We updated the story to remove the lsiting of cable channels as apart of the News Corp lineup. They ahve been split off into their own company.