Blog:

Posts Tagged ‘news corp’

The Fool Formerly Known as Rupert Murdoch

Maybe it’s the denigration of an old man stuck in an antique media showing the signs of his age, or maybe pay media is the way forward for the internet medium.
Rupert Murdoch, creator of the News Corporation (News Corp) Empire, discussed this week his plans to do two things to News Corp’s subordinate websites. One, to create a pay-wall behind which subscribers would have to pay money to read any one of the news stories on his websites. Two, to remove his websites and all their content listings from search indexers like Google and Bing.
News Corp owns, among many other Newspapers, the Wall Street Journal, and the Times (England).
Murdoch’s reasoning behind his decisions are mostly monetary based. He says to Sky News Australia, ‘no web sites anywhere in the world make serious money.’ Which is partially true, most news websites don’t make much money—but they do make some money. This system would not have worked from the beginning 10 to 15 years ago if the websites were not making money. Murdoch, in his infinite wisdom of all web-based media, counters this, ‘they [consumers and search engines] shouldn’t have had it free all the time…and I think we’ve been asleep.’
continue reading