Murdoch: I'll Charge for News Sites Within Year
New York Post , London Times may join Journal behind pay wall
By Jason Farago, Newser Staff
Posted May 7, 2009 6:22 AM CDT
Rupert Murdoch, chairman and CEO of News Corporation, said he expects his newspapers to begin charging for online access within a year.   (AP Photo/Rob Griffith, File)

(Newser) – If you think you can get your newspaper online for free, you can just think again, says News Corp honcho Rupert Murdoch, who plans to charge for access to his papers' websites "within the next 12 months" in an attempt to fix a "malfunctioning" business model. Murdoch is encouraged by the performance of the Wall Street Journal's website and wants to see it extended to other News Corp properties, which include the New York Post and the London Times. "The current days of the Internet will soon be over," he said.

News Corp's profits slumped this quarter on plummeting ad revenues, the Guardian reports, and its newspaper division barely broke even—year-over-year quarterly revenue went into freefall from $216 million to $7 million. But Murdoch said that the media industry was on an upswing: "I'm not an economist and we all know economists were created to make weather forecasters look good. But it is increasingly clear the worst is over."

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Showing 3 of 5 comments
Thinker
May 7, 2009 12:15 PM CDT
You old buzzard, your right-wing bs isn't going to work this time. Your audience, the dumbest of the dumb, won't pay for your news. Most probably don't know how to use a computer anyway. You are washed up and your "news" is not worth buying (why do you think you're losing money?) Buh bye.
Jojo
May 7, 2009 11:56 AM CDT
What an idiot. The "fix" for the economy and failing newspapers is not going to be fixed by charging people for news. You think CNN.com and Fox.com are going to follow suit? You think there won't be a few who pay, and then copy/paste the information elsewhere for "every one else"? How did buying Myspace work for ya Rupert? Was #1 when you bought it and is now behind Facebook, and will probably eventually be behind Twitter? This is definitely a case in support of age discrimination, it's time to retire when you are in charge of multi-million dollars business and can't keep up with the current technology. You need to come up with something innovative, just like the founders of Google (still free) Facebook (still free) and (twitter) still free among thousands of others that are making millions.
nick
May 7, 2009 11:40 AM CDT
Rupert: You'll lose your ass, charging for your crappy, slanted news, But, as they say, it couldn't happen to a more deserving guy. The Republican message that you continue to spew, has turned sour. Turn your enterprise over to your daughter. It is time for you to, just leave.