Murdoch predicts gloomy future for newspapers
Rupert Murdoch has forecast a gloomy future for
newspapers with the growth of the internet, saying he doesn't know "anybody
under the age of 30 who has ever looked at a classified ad".
Rupert Murdoch has forecast a gloomy future for newspapers with the growth of the internet, saying he doesn't know "anybody under the age of 30 who has ever looked at a classified ad".
The owner of the Sun, Times, Sunday Times and the News of the World, who once described newspaper classified advertising revenue as providing "rivers of gold", now says: "Sometimes rivers dry up".
"This is a generational thing; we've been talking about a 15- or 20-year slide on this," the News Corp chairman and chief executive tells trade paper Press Gazette in a rare interview.
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“If you take the number of page views in the US, we are the third biggest presence on the internet already.”
That really inspires confidence in the future of online news.
Posted: Fri - November 25, 2005 at 07:11 AM