Core Viewpoint - News Corp CEO Robert Thomson has called for the White House to take action against AI companies that are allegedly using copyrighted material without permission, highlighting the impact on authors and publishers, including President Trump's works [1][4][5] Group 1: AI and Copyright Issues - Thomson criticized AI firms for "cannibalizing" copyrighted works, specifically mentioning Trump's book "The Art of the Deal," which he claims has been exploited by AI systems [1][4] - The lawsuit against Meta involved over 190,000 protected works, including Trump's book, raising questions about the fairness of creators being deprived of their rights [2][4] - News Corp is suing AI startup Perplexity for allegedly stealing content to train its language model, emphasizing the need for AI companies to compensate content creators [5][17] Group 2: Economic and Competitive Concerns - Thomson warned that the practices of AI firms could undermine America's competitive edge, which relies on creativity and innovation rather than just technology [6] - He urged AI companies to allocate a portion of their substantial investments in infrastructure towards compensating content creators, highlighting that they are spending tens of billions on data centers and chips [10][9] - News Corp reported a profit of $648 million and announced a $1 billion stock buyback, indicating strong financial performance amidst these challenges [16] Group 3: Long-term Implications for Content Quality - Thomson expressed concerns about the long-term health of the content ecosystem, arguing that AI companies should support diverse and reliable sources of information rather than creating a "deeply derivative" system [13][12] - He noted that audiences are seeking profound and purposeful content, which could be jeopardized by the current practices of AI firms [13] - News Corp has been vocal in demanding compensation from AI firms for the use of their content, indicating a proactive stance in protecting intellectual property rights [14][18]

Core Insights - News Corporation (NWSA) reported fourth-quarter fiscal 2025 earnings of 19 cents per share, matching the Zacks Consensus Estimate, with a 5% decrease from the previous year [1] - Revenues reached $2.11 billion, a 1% year-over-year increase, surpassing the consensus estimate by 0.26%, driven by growth in Digital Real Estate Services and Dow Jones segments [1][9] Financial Performance - Adjusted revenues were flat year over year, while total EBITDA increased by 6% to $329 million [3] - The company ended the fiscal fourth quarter with cash and cash equivalents of $2.4 billion, borrowings of $1.94 billion, and stockholder equity of $8.77 billion [21] Segment Performance Digital Real Estate Services - Revenues increased by 4% year over year to $466 million, with REA Group contributing significantly [4] - Move revenues rose by 3% to $148 million, driven by strong growth in sellers, new homes, and rentals [5] - Average monthly unique users of Realtor.com fell by 3% year over year to 72 million, with lead volume decreasing by 13% [5] Dow Jones - Revenues grew by 7% year over year to $604 million, supported by higher circulation and subscription revenues [7] - Digital revenues accounted for 83% of total revenues, up from 81% in the previous year [7] - Total average subscriptions to Dow Jones' consumer products increased by 7% to 6.3 million [12] Book Publishing - Revenues in the Book Publishing segment declined by 4% year over year to $494 million, attributed to softer consumer spending [14] - Digital sales decreased by 3%, with audiobook sales down by 7% [15] News Media - Revenues fell by 4% year over year to $545 million, impacted by lower advertising revenues [16] - Digital revenues represented 38% of the News Media segment's revenues, up from 37% in the prior year [18] Advertising Revenue - Advertising revenues increased by 2% year over year, with print advertising up by 3% and digital advertising up by 1% [11] - Digital advertising contributed 65% of total ad revenues, slightly down from 66% in the previous year [11]

Market Analysis & Investment Strategies - TD Ameritrade's former Chairman & CEO Joe Moglia discussed the state of markets and the importance of removing emotions from investing [1] - The discussion included retail investing and risk management tools [1] - Big Tech and Joe Moglia's interest in ethereum were also topics of conversation [1] Company Performance & Industry Stake - Disney reported third quarter fiscal earnings [1] - The NFL is set to take a 10% stake in Disney's ESPN [1] - The report breaks down Disney's Q3 print and discusses highlights and concerns [1]

The New York Times added about 230,000 digital-only subscribers during the second quarter, and reported gains in both subscription and advertising revenue compared with the prior-year period https://t.co/dyNTjQm9Fu ...

The National Football League will sell most of its media businesses to Walt Disney in exchange for a 10% stake in the ESPN sports networks, deepening the ties between the league and one of its top broadcast partners https://t.co/bC3Hy9FKmA ...

The NFL is taking a 10% stake in Disney’s ESPN. In exchange, ESPN will gain control of NFL Network and distribute the popular Red Zone channel. https://t.co/eYaaJTxgXg ...

Financial Data and Key Metrics Changes - The company reported revenue of $85.7 million for Q2 2025, with cash from operations amounting to $23.1 million [6][18] - Total debt was reduced by $11.1 million during the quarter, with total debt paydowns exceeding $300 million since separation [6][22] - Adjusted EBITDA for the quarter was $45.7 million, reflecting an adjusted EBITDA margin of 53% [20] Business Line Data and Key Metrics Changes - The company signed five license agreements in Q2, including four in media and one in semiconductors, with three agreements made with new customers [12][18] - Recurring revenue increased modestly year-over-year, with non-pay TV recurring revenue up 28% [13][36] - The patent portfolio grew by 2% to over 13,000 assets, contributing to the company's growth strategy [16] Market Data and Key Metrics Changes - The semiconductor business is experiencing significant demand due to the rise of AI and data centers, leading to the introduction of the RapidCool technology [10][11] - The company is targeting new customers in growth markets, particularly in semiconductors and e-commerce, which are expected to drive future revenue [12][15] Company Strategy and Development Direction - The company is focused on multiple paths to achieve its revenue goals, emphasizing the importance of the semiconductor opportunity while also exploring other high-potential opportunities [7][8] - The introduction of RapidCool technology is seen as a mid to long-term growth driver, addressing the thermal management needs of high-performance semiconductors [11][44] - The company aims to maintain a balanced capital allocation strategy, investing in strategic acquisitions, reducing debt, and returning capital to shareholders [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year revenue guidance, reiterating a revenue range of $390 million to $430 million [23][25] - The company is prepared for potential challenges in closing large semiconductor agreements, having developed alternative strategies to meet revenue targets [39] - Management remains optimistic about the stability of the macroeconomic environment and the strength of the sales pipeline [25][58] Other Important Information - The company was recognized as a best company to work for by US News and World Report for the second consecutive year, reflecting its strong culture [17] - The company plans to pay a cash dividend of $0.05 per share, with another dividend approved for September [22] Q&A Session Summary Question: Is the OTT renewal contract structurally different from the previous one? - The renewal is in line with prior agreements, typically remaining standard unless there are significant changes in circumstances [27] Question: Can you elaborate on the new opportunities mentioned earlier? - These opportunities were initially expected in 2026 but are now anticipated to close in 2025, providing multiple avenues to meet revenue goals [28][29] Question: What is the mix between recurring and nonrecurring revenue, particularly in media and semiconductors? - A substantial portion of revenue this quarter was recurring, with new customer agreements expected to enhance future revenue [33] Question: What growth rates are expected in the non-pay TV media segment? - Non-pay TV recurring revenue saw a 28% increase, driven by growth in the semiconductor business and other media segments [36] Question: What is the status of the large semiconductor deal? - The goal remains to close the deal this year, but the company is prepared with alternative strategies if necessary [39] Question: Can you provide more details on the RapidCool technology? - RapidCool is targeted primarily at data centers, with potential applications in other areas being explored [48]

Q2 2025 Earnings August 5, 2025 1 Safe Harbor This presentation contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company's current expectations, assumptions, estimates and projections that involve risks and uncertainti ...

streaming on CNBC plus. >> We're back. Disney shares have sputtered lately.After a solid start to the year, investors will be watching the company's earnings closely tomorrow for signs of where the consumer currently stands. Jim Stuart is columnist with The New York Times. He joins us now.He's also a CNBC contributor. This is our quarterly visit. It's nice to have you, as always.>> Good to be back. I feel. >> Like we have the same type of conversation parks and streaming.Is that the whole thing this time. > ...

Core Insights - Adeia Inc. reported revenue of $85.7 million for Q2 2025, consistent with expectations, and closed five deals across key growth verticals including semiconductors, e-commerce, and OTT [2][7] - The company introduced RapidCool, a new direct-to-chip liquid cooling technology aimed at high-performance semiconductors, particularly for AI applications [2][7] - Adeia has paid down over $300 million on its term loan since its separation, with an outstanding balance of $458.9 million as of June 30, 2025 [5][7] Financial Highlights - Revenue for Q2 2025 was $85.7 million, a decrease from $87.7 million in Q1 2025 [7] - GAAP diluted earnings per share (EPS) was $0.15, while non-GAAP diluted EPS was $0.25 [7] - GAAP net income was $16.7 million, and adjusted EBITDA was $45.7 million [7] Business Highlights - The company signed three new license agreements with new customers, including a multi-year agreement with ST Microelectronics and two new e-commerce customers [7] - A quarterly cash dividend of $0.05 per share was distributed to stockholders, with another dividend declared for September 16, 2025 [5][7] Capital Allocation - During the quarter, Adeia made $11.1 million in principal payments towards its term loan [5] - The company reiterated its full-year 2025 revenue outlook, maintaining a range of $390.0 million to $430.0 million [8] Financial Outlook - Operating expenses are expected to be lower than previously anticipated, with updated guidance for 2025 operating expenses now projected between $261.0 million and $271.0 million [8] - The company anticipates net income for 2025 to be between $85.1 million and $86.5 million [8]