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IPFS News Link • Media: Internet

Murdoch vows to charge for all online content ( Doooomed :)

• Financial Times

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.

News Corp put the seal on a brutal fiscal year with a fourth- quarter net loss of $203m (£119m), dragged down by $680m in impairment and restructuring charges at Fox Interactive Media, whose MySpace social networking s

1 Comments in Response to

Comment by Lola Flores
Entered on:

 That's the best news ever!  He'll have a couple of mentally retarded Right Wing Nutters (no offense to mentally retarded people, I truly don't mean to be disrespectful or cruel with the comparison) pay for the shit but anybody that has a brain will laugh at it.  So, at long last, the Murdoch empire will go in the crapper and we'll be put out of our misery once and for all!