Thursday, August 20, 2009

Murdoch closes paper as free news squeeze begins;, 8/20/09; Murdoch closes paper as free news squeeze begins:

"Rupert Murdoch's News International, which plans to begin charging for online content, said Thursday it was to close its free London newspaper as part of cost-cutting measures.

The Londonpaper, which employs 60 editorial staff, will cease publication within a month, according to a statement...

Rupert Murdoch said earlier this year his News Corp. media empire would begin charging for online content on its portfolio of titles including The Wall Street Journal, the London Times and the New York Post.

"We are now in the midst of an epochal debate over the value of content and it is clear to many newspapers that the current model is malfunctioning," he told analysts in May."

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