Rupert Murdoch: “The era of free online news is over”
As Rupert Murdoch’s News Corporation reports a £2bn net loss for the financial year to June, the media mogul vows to shake up the newspaper industry by introducing a pay-per-view model to all his news websites, including the Times, the Sun and the News of the World, by next summer.
"Quality journalism is not cheap," comments Murdoch, whose business was hit by huge writedowns in the value of its assets, restructuring charges and a dive in commercial revenue. "The digital revolution has opened many new and inexpensive distribution channels but it has not made content free. We intend to charge for all our news websites.
"I believe that if we're successful, we'll be followed fast by other media."
So, dear readers, should Real Business follow suit? Would you pay to read our online news stories and/or our monthly magazine? Post your views below.
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