Foxtel saw a miserly 1% rise in earnings and a 4% fall in revenues, mostly due to foreign currency factors. The conference has now concluded. These cost discipline efforts are strategic, and we expect them to be sustainable. The longer the better. Cost of revenue increased 7% as a result of growth in the number of employees who work in The New York Times newsroom, as well as higher subscriber servicing costs. 14a Patisserie offering. And we're aggressively chasing the tailwinds that will best position us to grow revenue and profit. So we still feel good about that.
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It's worth noting that we began enabling access to The Athletic product for our digital bundle subscribers late in the second quarter, which we believe increases the value of the bundle for both potential and existing subscribers. First, we've become more effective at driving subscription growth through our organic audience engine and digital product work, allowing us to substantially reduce marketing spend. And the 180, 000 was sequentially similar. The short answer is it does include the benefit of the bundle and that's been a huge area of focus, getting our current all-digital access subscribers and all access subscribers to activate The Athletic and then getting them to engage. Savings came from two major areas, and are part of a deliberate strategy we've been pursuing and describing for some time now. So we're quite happy about how that's working out. I'll point to a few things about the drivers. We're starting to see the uncertain macroenvironment impacting advertising more broadly across this space really. And what kind of expectations do you have now based on that? We think news is going to continue to be very appealing to people. All of this was partially offset by lower television revenues. A reconciliation of revenues can be found on Page 21 of the earnings release. Do slightly better than net.com. And the New York Times Co? The American Enterprise Institute conducted a study of media bias in the coverage of President Biden's student loan forgiveness plan.
The Longer The Better
Ex The Athletic, domestic ARPU increased modestly both year-over-year and sequentially due to the large cohort of subscribers graduating from promotional to higher prices in the period. On a GAAP basis, which includes the impact of the additional 6 days, both digital and print advertising revenues beat the fourth quarter guidance we issued in the third quarter. Turning to the quarter, adjusted diluted earnings per share was $0. Thank you and welcome to The New York Times Company's third quarter 2022 earnings conference call. And as Meredith mentioned, the actual return on the cost side, we believe to be strategic and that will be durable. Just as a follow-up for Roland. And then Roland, you mentioned just now cost — or cost growth dropping sort of in the back half of the year. Other revenues decreased approximately 2% compared with the prior year to approximately $55 million, primarily as a result of lower licensing revenues, partially offset by higher revenue from Wirecutter affiliate and live events. A 2007 survey conducted by Rasmussen Reports found that 40% of survey respondents believed the New York Times had liberal bias, 20% thought it had no bias, and 11% believed it to be conservative. There's a possible restructure coming with Move, the 80%-owned US real estate listings business, on the block. The New York Times: All the black ink that's fit to print –. Again, excluding the estimated impact of the 6 days, total advertising revenues decreased almost 2. We ended 2022 with 9.
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I really appreciate all the color on the bundle adoption strategy. New York Times Group advertising revenue grew 3% with strong results in print, offsetting a slight drop in digital revenue. Harlan, I always forget what we disclose here. We expect that this will result in slower additions of subscribers on a standalone basis for some time, as it did in the third quarter. Do slightly better than nytimes.com. Our qualified pension plans ended the year 106% funded with an approximate $70 million surplus. 5 million December quarter revenues.
Do Slightly Better Than Net.Com
The percentage of the respective workforces impacted by the cuts tells us News Corp's problems are deeper than those at Disney, even though the sums involved are much larger (because Disney is a much larger company). It's much more the latter, though the comp did contribute to the 45%. Roland, the 45% drop in media expenses in the third quarter, is that just because of the big expenditure a year ago? With that, I'll hand it over to Roland and be back to take your questions shortly. We achieved that result despite contending with many of the same pressures impacting others in a digital subscription industry at the moment. The one thing I would add is that we didn't see any negative signs on the retention side of the business. Meredith, you noted in your prepared remarks, potentially increasing prices on the standalone products to drive bundle uptake. I think, Roland, you mentioned you have $57 million left on your share buyback program. In Australia, revenue fell 13%, impacted by negative foreign currency fluctuations. New York Times (News) is a news media source with an AllSides Media Bias Rating™ of Lean Left. This clue was last seen on NYTimes October 22 2022 Puzzle. And on a full year basis, advertising performed relatively well in an increasingly difficult market. It is a daily puzzle and today like every other day, we published all the solutions of the puzzle for your convenience.
Who Got It Better Than Us
Thomas Yeh - Morgan Stanley. Quarterly revenue for the overall Dow Jones segment rose 11% from the year-earlier period. I'll turn now to the results of the quarter. Our strategic clarity and strong execution give us confidence that we can continue to manage costs well going forward. I would now like to turn the conference over to Harlan Toplitzky, Vice President of Investor Relations. Within the context of our prudent capital structure, we will continue to evaluate opportunities for capital return. Times public editor Arthur Brisbane wrote in 2012, "When The Times covers a national presidential campaign, I have found that the lead editors and reporters are disciplined about enforcing fairness and balance, and usually succeed in doing so. 2022 was the first full year of executing our strategy to become the essential subscription for every serious English-speaking person seeking to understand and engage with the world. As Meredith noted, given the continued strength of our balance sheet and the confidence we have in the cash-generative nature of our business model, we're updating the midterm capital return target of 25% to 50% of free cash flow announced at our June Investor Day. To that end, our focus continues to be on building engagement for The Athletic as part of The Times bundled, significantly widening its audience funnel by further opening up its hard paywall and increasing overall awareness for The Athletic journalism. AllSides provides a separate media bias rating for The New York Times Opinion page. There's a bunch of stuff we don't control in overall audience.
Do Slightly Better Than Not Support
I'll now discuss the cost drivers for The New York Times Group. 8 million subscriptions, well on our way to our next mile marker of 15 million subscribers by 2027. In case there is more than one answer to this clue it means it has appeared twice, each time with a different answer. And I want to acknowledge the announcement we made just before the year turned, that my friend, and long-time Times colleague, Roland, will retire midyear. A 2005 study by UCLA found The New York Times news section has a left-wing bias. Company Participants. Obviously, the news cycle itself is going to continue to change. This was the first full quarter that The Athletic has been part of the bundle, and we began to more aggressively market it as such to prospects. This progress was the result of deliberate efforts to cross-promote our products on our biggest news surfaces, and also to begin making them more interconnected.
Do Slightly Better Than Nytimes
23a Messing around on a TV set. There was no estimate on the cost cuts except a leaked story this week that $A20 million would be cut from News Corp Australia by 2025. Sales and marketing costs decreased approximately 45%, largely due to lower media expenses. 16 better than the prior year. Even in a difficult market, The Athletic is attracting new advertisers and securing incremental ad buys from existing Times advertisers. 308 billion and net operating profit fell to $US202 million from $US268 million. The continuing repurchase activity reflects our view that our shares are an attractive value and our willingness to repurchase shares beyond offsetting the impact of share-based compensation when we see opportunity in the market. Meanwhile, print advertising revenue was higher by more than 0. I think I think the moves we made and announced last February showed a bit of a shift in our philosophy, which we think was a positive step to be able to return capital to shareholders. Sources with an AllSides Media Bias Rating of Lean Left display media bias in ways that moderately align with liberal, progressive, or left-wing thought and/or policy agendas. We added 180, 000 net new subscribers in the quarter, with a slow start in July, a pickup in August, and a strong September. And we signed a multiyear commercial agreement with Google at the end of the year, which stretches across many facets of our business, including content distribution, marketing and product experimentation. 0 million in the fourth quarter from $US94.
Is that an apples-to-apples comparison? The New York Times was rated Lean Left in the Oct. 2022 AllSides Blind Bias Survey, confirming AllSides' rating at the time. We did so by advancing the three pillars of our strategy: leading in news, helping people make the most of their lives and passions, and putting those ideas together in a bundle that makes The Times indispensable in the daily lives of millions more people. But we are now at a point that I think we've been predicting for quite a while where we believe the investments we've made in the product, the improvements we've made there are starting to really pay off to get the product to do some of the work that we used to have done with paid marketing. About New York Times (News).
Other revenue outperformed guidance due to better-than-expected results from Wirecutter affiliate revenues, which grew by more than 20% in the quarter. At Foxtel, revenue fell 7% to $US462 million in the quarter due to a $US52 million, or 10%, negative impact from foreign currency fluctuations. David, your second question, I think, was a cost — related to cost but got to margin expansion, I believe.
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