Murdoch Announces End to Free Internet News

Murdoch said he was "satisfied" that the company could produce "significant revenues from the sale of digital delivery of newspaper content". Photo by forsatan.com

News Corp is set to start charging online customers for news content across all its websites.

The media giant is looking for additional revenue streams after announcing big losses, the BBC reported.

The company lost USD 3,4 B in the year to the end of June, which chief executive Rupert Murdoch said had been "the most difficult in recent history".

News Corp owns the Times and Sun newspapers in the UK and the New York Post and Wall Street Journal in the US.

Murdoch said he was "satisfied" that the company could produce "significant revenues from the sale of digital delivery of newspaper content".

"The digital revolution has opened many new and inexpensive methods of distribution," he added.

"But it has not made content free. Accordingly, we intend to charge for all our news websites. I believe that if we are successful, we will be followed by other media.

"Quality journalism is not cheap, and an industry that gives away its content is simply cannibalising its ability to produce good reporting," he said.

In order to stop readers from moving to the huge number of free news websites, Murdoch said News Corp would simply make its content "better and differentiate it from other people".

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!