In a sweeping rethink of how the beleaguered newspaper industry operates, the News Corporation founder declared that quality journalism must come at a price.
"We will be platform neutral, but never free," Mr Murdoch told investors, moments after revealing that plunging revenues from his newspapers had helped push the company into the red. With newspaper advertising collapsing, "the drumbeat for change" is only growing louder, he said. "Quality journalism is not cheap, and an industry that gives away its content is simply cannibalising its ability to produce good journalism." More...
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