The Future of Print

Murdoch: Papers Should Charge on Web

Posted in Boom by futureofprint on April 3, 2009

Rupert Murdoch, whose media company News Corp owns one of the few U.S. newspapers that makes people pay to read its news on the Web, said more papers will have to start doing the same to survive.

Murdoch, who bought The Wall Street Journal and its parent company Dow Jones & Co in 2007, said online advertising, which most U.S. publishers hope will offset ad revenue declines at their print divisions, will not cover their costs.

“People reading news for free on the Web, that’s got to change,” said Murdoch speaking at The Cable Show, an annual cable television industry event, in Washington, D.C.

Via ABC News

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