Saturday, October 10, 2009

The News is Not Free

The publication of the news is being paid for by advertising. Murdoch (Chair of News Corp, Owner of the Wall Street Journal and a number of other papers) can belly ache all he wants but, as Jimmy Leach notes, readers have many choices on where to get their news. Murdoch wants readers to pay a higher price but GM would like to sell cars for a higher price. Producers have the right to set their prices; the market has the right to respond by buying or walking away.

in reference to: Jimmy Leach: Murdoch will pay for the end of free news - Online, Media - The Independent (view on Google Sidewiki)

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