Rupert Murdoch, chairman of News Corp. said that he’s going to charge for all the online content of news sites, the Financial Times reports:
Rupert Murdoch has vowed to charge for all the online content of his newspapers and television news channels, going well beyond his prediction in May that the company would test pay models on one of its stronger papers within the year.
The comments by News Corp’s chairman came as he predicted a "high single digit" rebound in the group’s operating profits next year. The worst of the media sector slump might be behind the company, he said, as he reported "some good signs of life" in advertising.
Newspaper and television revenues would be down "very low double digits" next year, but growth in cable properties such as Fox News would leave advertising revenues flat and total revenue up 4 per cent. (read the rest)
Fox News was the lone bright spot for News Corp. Here’s the thing Mr. Murdoch, I understand you are looking for ways to turn things around at News Corp, but I already pay too much just to be online. So I’ll be darned if I’m going to pay to read news online. You see I’m Dutch (read cheap frugal). You know how copper wire was invented right? Two Dutchmen fighting over a penny. So as long as there are other news sources that have free access it’ll be so long to Fox News. My fear is that others will follow suit.
So I hope you fail miserably in this endeavor.
HT: Drudge Report
