Murdoch attacks newspaper doomsayers

Rupert Murdoch tore into the “doom and gloomers” predicting the demise of newspapers yesterday, backing the industry to hit new heights this century, but admitted this involved “moving beyond dead trees”.This comes at a time when media groups have come under severe pressure, closing titles and slashing jobs, in the wake of the global credit crunch.Mr Murdoch, whose global media empire owns titles including The Wall Street Journal as well as The Times and The Sun, conceded that it was a “challenging” time for the sector, as traditional sources of revenue dry up and competition increases. will survive by changing, says Murdoch
Rupert Murdoch has dismissed suggestions that the internet will kill off newspapers, saying that industry doomsayers predicting their death were “misguided cynics”. Murdoch, the chairman and chief executive of News Corporation, which owns titles including the Sun and Times in the UK and the Wall Street Journal in the US, said that while other industries were embracing the web too many journalists took a perverse pleasure in mulling over the death of newspapers.”Among our journalistic friends are some misguided cynics who are too busy writing their own obituary to be excited by the opportunity,” Murdoch said in a radio address for the Australian Broadcasting Corporation. “Unlike the doom and gloomers, I believe that newspapers will reach new heights in the 21st century.”

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