Dumb(ass) Like a Fox

Business Spectator – News – News Corp to charge for all news websites

Media giant News Corporation Ltd intends to charge for all its news websites in a bid to lift revenues, as the transition towards online media permanently changes the advertising landscape.

News Corp chairman Rupert Murdoch told analysts in a conference call after News Corp released its full year results that the traditional newspaper business model has to change.

“The digital revolution has opened many new and inexpensive methods of distribution,” Mr Murdoch said.

“But it has not made content free. Accordingly we intend to charge for all our news websites,” he said.

He said News Corp would use the Wall Street Journal’s online vehicle as a model.

Interestingly, I haven’t so much as looked at the WSJ site in years.

They succeed because they offer specialized data to specialists interested in markets. FOX News has no such “moat.” This will be an epic fail. Murdoch is an old fart, and thinks that simply by waving the old magic wand, he can make the internet generation pay for his product. The marketplace will crush him. However, this is going to do wonders for the likes of Mike Yon and all the other reader-supported journalists.

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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