Credit: Louis Velazquez via Unsplash
Business confidence in the US has improved since the election of Donald Trump as president, according to News Corp CEO Robert Thomson.
When briefing market analysts on the media group’s December quarter results, he made what he described as a generic post-election observation.
“We are seeing a tangible increase in business confidence here in the US since the election, the temporary turmoil of transactional tariffs aside,” he said.
“There is a confluence of economic optimism and a cultural awakening with the yoke of woke having been lifted.
“We believe these trends should lead to less superfluous gratuitous regulation, greater capital formation, increased opportunities for all Americans and more candid creative, compelling conversations.
“Hopefully, an era of censorship and self-censorship is receding into the distance.”
News Corp posted a better than expected 5% increase in revenue to $US2.24 billion, excluding Foxtel, for the December quarter.
The result was driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments.
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