Rupert Murdoch, head of News Corp, one of the UK’s main media businesses, says that with advertising revenues nosediving the company will begin to charge readers for online news and other services starting in the summer of 2010. The news was woven into the Times’s own story on the company’s financial results: News Corp posted a £2 billion loss for the year ended 30 June, in part the result of the recession but with writedowns for acquisitions that included Dow Jones (which owns the Wall Street Journal) and Fox Interactive Media. The Guardian and the Financial Times made the web-news-for-fee the headline. A flurry of comments in the Guardian disputed Murdoch’s comment, picked up by the Guardian, that “quality news” costs money and readers must pay for it. BBC

Posted by Ellen Wallace on 6 August 2009 at 10:13 | permalink
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News story, GenevaLunch, 6 August 2009.

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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.