When Rupert Murdoch speaks, people listen. And they read and they watch. Murdoch is the chairman of News Corp, which owns or holds an ownership interest in a powerful combination of news, entertainment and sports businesses throughout the world.
According to Breitbart.com, Murdoch has offered the opinion that print news is about to be replaced with digital news which will be delivered to a new generation of hand held readers which can provide an entire newspaper, but for a fee.
Discussing the decline in advertising revenue and the current trend to provide access to news for free, Murdoch is reported to have said that this practice is going to have to stop.
The explosion in news related sources on the Internet over the last five years prompted many newspapers to offer access to their main stories and sometimes their entire content to users without charge. However some papers insisted that readers of more than their headlines buy a subscription. Acting on their own they ended up finding themselves a shrinking minority.
The interview with Murdoch followed a secret meeting of newspaper executives to discuss their plight. Watch for a global agreement among them to start charging you, the reader, for access to their content.
Comments