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Murdoch: Newspapers Will Look Differen

2009.06.01

Newspapers in the future may look very different, says News Corp. chief Rupert Murdoch. "Instead of an analog product printed on paper, you may get it on a panel which will be mobile and updated every hour or two." Also: Free content online is "going to stop."

See video: http://www.foxbusiness.com/americas-infrastructure/index.html

 

News Corp Chairman Rupert Murdoch made an appearance on his corporation's business station, Fox Business Network, Thursday to speak to Brian Sullivan about the future of newspapers.

Murdoch, a steadfast believer in newspapers, acknowledged that people may consume newspaper products on electronic devices in the future but assured that online content will be paid for eventually.

"Newspapers may look very different. Instead of an analog product printed on paper, you may get it on a panel which will be mobile, which will receive the whole newspaper over the air, and be updated every hour or two. All of these things are possible.

"You're going to have to pay for your favorite newspaper on the Web," he added. Free content online "is going to stop. Newspapers will be selling subscriptions on the Web. The whole thing [premium content] will be there. The Web as it is today will be vastly improved, they'll be much in them and you'll pay for them."

Murdoch added that News Corp would "never take money from the government" because it would represent the end of freedom of the press. "I don't believe even the New York Times would," he said. "I don't think the government would even do it. They'd realize this would be the end of it."

Murdoch closed the interview with a prediction that one of the Chicago newspapers will die.

"One will go away," he said. "It's very hard to see how the Sun-Times can keep going. I thought it was hard when I owned it ten years ago."

http://www.huffingtonpost.com/2009/05/28/murdochs-newspaper-predic_n_208821.html

 

Kapcsolódó cikk:

Murdoch says no to U.S. government newspaper bailout

 

News Corp Chief Executive and newspaper empire builder Rupert Murdoch showed up on the Fox Business Network (which he owns) on Thursday to talk about the future, or lack thereof, of newspapers.

Two key points: News Corp’s papers, which in the United States include The Wall Street Journal, the New York Post and the Ottaway chain of local dailies, will not take government money to help them stay afloat; and there is private financing for media companies out there. Here’s what Murdoch said on those topics, and more. (Thanks for FBN for this transcript)

On how newspapers will make money in the future
“Newspapers will make money the way we make it now - from our readers, from our advertisers. Newspapers may look very different. Instead of an analog product printed on paper, you may get it on a panel which will be mobile, which will receive the whole newspaper over the air, and be updated every hour or two. All of these things are possible and some of the greatest electronics companies in the world are working on this right now. I think it’s two or three years away before they get introduced in a big way and then it will probably take ten to fifteen years for the public to swing over.” …

On the future of newspapers on the Web:
“You’re going to have to pay for your favorite newspaper on the Web. [Free content online]…that’s going to stop. Newspapers will be selling subscriptions on the Web. The whole thing [premium content] will be there. The Web as it is today will be vastly improved, they’ll be much in them and you’ll pay for them.

“But there will be other platforms…You’ll be able to get the guts or the main headlines and alerts and everything on your Blackberry, your Palm or whatever, all day long. People need news. Communities live on news about their communities to be able to live and enjoy the world.”

On whether newspapers will receive a bailout from the government:
“We would never take money from the government. We’d give up our freedoms and everything else to criticize or to play our full role in the community. Nothing that News owns will ever take money from the government and I don’t believe even the New York Times would. I don’t think the government would even do it. They’d realize this would be the end of it.”

On whether there is private financing available to media companies:
“There is private money. The people who have left, who put in the private money into these highly leverage situations have probably lost them and the banks that allowed them to leverage up, may have lost half their money. That’s life. That’s capitalism.”

On mistakes made by print media companies:

“There is a case of newspapers rushing on the Web to try and get a bigger audience, more attention for themselves, have damaged themselves. And now they’re going to have to pull back from that and say, hey, we are going to charge for this.”

On the Tribune company:

“I bet you they’re still making money individually but they can’t pay their interest bills. Bankruptcy doesn’t mean the end of a newspaper. It just means someone is going to buy them from a bank. … [In Chicago] one newspaper will go away. It’s very hard to see how the Sun-Times can keep going. I thought it was hard when I owned it ten years ago.”

http://blogs.reuters.com/mediafile/2009/05/28/murdoch-says-no-to-us-government-newspaper-bailout/

 

 

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