Rupert Murdoch expects to start charging for access to News Corporation’s newspaper websites within a year as he strives to fix a ”malfunctioning” business model.Encouraged by booming online subscription revenues at the Wall Street Journal, the billionaire media mogul last night said that papers were going through an “epochal” debate over whether to charge. “That it is possible to charge for content on the web is obvious from the Wall Street Journal’s experience,” he said.
http://www.guardian.co.uk/media/2009/may/07/rupert-murdoch-charging-websitesRecession takes toll at News Corp but Rupert Murdoch says ‘worst is over’
News Corporation, the parent company of The Times, reported a 97 per cent decline in profits at its newspaper division as the collapse in advertising brought on by the recession and unfavourable exchange rates hit its income.However, despite the profit fall at the newspapers, and at the company’s network television business, Rupert Murdoch, the chief executive, said: “I am not an economist, and we all know that economists were created to make weather forecasters look good, but it is increasingly clear that the worst is over.”
http://business.timesonline.co.uk/tol/business/industry_sectors/media/article6237283.ece
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