Rupert Murdoch: “The current days of the Internet will soon be over”

[Mish]

"We have been at the forefront of that debate and you can confidently presume that we are leading the way in finding a model that maximizes revenues in return for our shareholders... The current days of the Internet will soon be over."

Speaking on a conference call as News Corporation announced a 47 percent slide in quarterly profits to $755 million, Murdoch said the current free access business model favored by most content providers was flawed. Murdoch’s newspapers and TV networks, which include Fox News and the Asian Star Network, have seen profits plummet from $216m to just $7m year-on-year.

[url]http://www.cnn.com/2009/BUSINESS/05/07/murdoch.web.content/index.html[/url]

Finally, AP is creating a NewsGuide or an aggregated body of unique news content, curated by news editors. The NewsGuide would enable news publishers together to create a preferred web destination for consumers of breaking news, which also would serve as a conduit to related content displayed on the publisher Web sites.

We call this effort AP3P or Protect, Point and Pay.

Step one is to protect published news content against unauthorized exploitation.

Step two is to aggregate and index published news content so that aggregators can better point their users to the published content.

Step three is to enable new content licensing models for use of the published content with support for payment models that individual publishers may adopt.

[url]http://searchengineland.com/dissecting-the-ap-murdoch-speeches-against-those-internet-news-thieves-27507[/url]


Rupert Murdoch is planning to create a subscription type news portal and charge readers to access it, while limiting access to information in that portal to search engines (especially Google). This is allegedly suppose to end the "freeloader" internet as we know it according to Murdoch.

What are your thoughts on this?

[IndiReloaded]

He wants to own the internet? LOL, good luck. He'll have about as much luck as the music guys.

All he will see is a loss of advertising revenue to free news sites w/increased subscription. There are many other models for how to increase revenue, he needs more creative advisors.

[ecojeanne]

the internet is like the wild west, it will be tamed someday