Media News - Friday, January 25, 2008
Murdoch says won’t make all of online WSJ free
News Corp Chief Executive Rupert Murdoch said on Thursday he would not
make all online Wall Street Journal content free. Dow Jones & Co has
begun opening access to some previously paid-for items just weeks after
the USD 5.6bn (EUR 3.8bn) buyout by News Corp. But Murdoch told a panel at the
World Economic Forum annual meeting that there would still be limits.
The new Web strategy marks one of the first tangible signs of how
Murdoch is putting his imprint on the Wall Street Journal following the
takeover, which triggered concerns in some quarters about the future of
the newspaper. As part of the online Journal's increased free offering,
video clips are now being offered from News Corp's Fox news television
channel. WSJ.com is one of the Web's most successful subscription
businesses, with a USD 99 (EUR 67) annual charge. Industry analysts are keeping a
close eye on developments at the respected newspaper, given the
implications for the wider media sector, where pressure has mounted for
publishers to give away content on the Internet. Murdoch's moves are
likely to be watched particularly closely by executives at Pearson Plc's
Financial Times, which also runs a subscription-based news Web site.
Late last year, Pearson adopted a new online business model giving
readers partial free access to its FT content.
(Reuters)
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