August 18th, 2009
Murdoch: No More Free Lunch
When News Corp reported quarterly results two weeks ago, Murdoch announced that all websites under the umbrella would convert to paid subscriptions.
No more free lunch.
What will this world be like in 5 years? The affluent will have something like journalism and the rest will be entertained?
The silcon-and-software revolution has been destroying the business of culture for twenty years. Music. Books. Now newspapers.
News Corp now dominates business news in the USA. Perhaps Murdoch’s move will blaze a trail, show the rest (and more worthy) how to survive the onslaught.
