Apparently the move is to recoup from more than $200 million in lost revenue for News Corp during the previous quarter, including significantly less profit from The Wall Street Journal, which Murdoch now owns.
This might become the biggest blunder yet in the newspaper industry's series of attempts to regain the ground it's lost to online media. That horse departed the barn about fifteen years ago, and it ain't coming back. The New York Times has already tried charging for access to its site: a plan that promptly went down in flames. Murdoch's scheme will likely meet a similar fate.
3 comments:
LMAO!! Fox News is shite and making people pay to look at its site will lose them more of who takes them seriously. Murdoch started Fox News to be a PRO REPUBLICAN network and has had it said in court that he should be able to have all the bias he wants. If anyone pays for that they are an idiot!
So the question is how long he will actually try it before he realizes it won't work. Maybe he should bring in some really young talent and see what they can do with ad sales, etc. There has to be a way to make money at this new business.
Murdoch:"Rosebud"
heeheee
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