Australian News Group Profits Down 75%, But Optimistic About the Future of Artificial Intelligence
The Australian News Group reported a 75% decline in annual profits, primarily due to a drop in print and digital advertising revenue in Australia. For the first time, more than half of the group's revenue came from digital streaming, and it holds an optimistic view on the potential of artificial intelligence. The group is actively negotiating to determine the value of its unique content collection and intellectual property in the AI era.
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