Rupert Murdoch’s Plan to Save Newspapers
In an effort to get back revenue that his print outlets have been losing, Rupert Murdoch is planning to charge for subscriptions to all of NewsCorp’s online content. This would probably include news websites like Dow Jones, Marketwatch, Financial News, and The New York Post to name a few. NewsCorp-owned Wall Street Journal was one of the first websites to implement a pay wall and has seen increased circulation over the last year.
The subscription-based access will also affect e-book devices like Amazon’s Kindle and Apple’s new iPad, which Murdoch recently said would go “unloved and unsold” without content from companies like NewsCorp, which owns HarperCollins books. Murdoch disagrees with Amazon’s famous $9.99 Kindle book price, saying the low price devalues books and hurts hard-cover retailers. As of now, Murdoch has put a hold on HarperCollins e-books sold through Amazon and is in the process of negotiating new pricing. Business Journal (2/3/2010) PC Magazine (2/2/2010).