‘proved the naysayers wrong,’ News Corp. CEO says

Boss Robert Thomson talks up how acquisition has helped the company's bottom line, offers market perspective

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News Corp. Chief Executive Robert Thomson on Monday revealed the secret to the multinational publishing corporation’s continued success following its split into two publicly traded companies in 2012  — Harlequin romance novels and the acquisition of Speaking during Deutsche Bank’s 26th annual “Media, Telecom & Business Services” conference in Palm Beach, Thomson attributed the company’s financial stability amidst a roiling media industry to the 2014 acquisition of Harlequin Enterprises, the Canadian publisher of romance novels, and the purchase of parent company Move. “That was a significant investment,” Thomson said, referring to the acquisition. “Folks in the digital world were rather skeptical about it, but I think it’s fair to say that we turned what was the number three company into a very strong number 2 and, depending on the quarter, depending on the metric, in some quarters the fastest growing. Obviously we’re in...