By GottaLaff

News mogul believes media sites can’t survive failing business modelThe billionaire CEO of News Corporation, Rupert Murdoch, is sounding the death knell for free Internet news delivery.
At least for Fox News and the many other online media outlets Murdoch controls.
Two things: 1) I rarely read anything Fox News posts, but 2) Rupert owns everything, so, potentially, there go some of my sleaziest, most unreliable sources.
The good news?Murdoch feels that, despite the global economic turndown, charging for access to news is not only the right thing to do, it’s the wave of the future. [...]
Murdoch is so bullish on the near future that he expects moves to charge readers at the websites of Fox News, The Times, The Sun and others within a year’s time. [...]
“The current days of the [free] Internet will soon be over.”
Some might argue that Murdoch is grasping at straws as his vast portfolio flounders.Good thing I don't frequent his floundering sites.