Is Rupert Murdoch bad for the Internet and society?
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M$5 Answers
I believe Jason Calacanis has already spoke on this topic. He believes Rupert's plan has merit and will work.
I think this will be a fantastic experiment. I have a feeling that it will simply go to prove just how powerful the internet has become. I expect initially the plan will make some positive cash flow.
But soon unless his content is far superior to other AP(I know he's part of the board but he doesn't control all papers/news outlets of the group or Reuters or fill in other news agency, he will shrink his market getting less and less eyeballs to his papers. I think the problem with his plan is he doesn't control all the news/articles. Because of this as soon as his news becomes exclusive(you have to pay for it) he has produce a far superior product. For instance everybody thought nobody would pay for TV like HBO. Year in and year out tho they produce a superior product that gets people to pay for it. On the other hand so far people are unwilling to pay for radio. XM and Sirius are not doing well. Even without commercials, exclusives like Howard Stern, and superior coverage and sound(HD radio has closed the sound gap in some locations) they are failing to compete.
Good Luck.
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M$http://tvbythenumbers.com/wp-content/uploads/2009/10/rupert-murdoch.jpg
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M$how does his being white have anything to do with what he does?
I personally think he is evil but not because he is white. Really he has a view of people the way rich Mexican Business people such as Carlos Slim do, if your not rich it is because you didn't try hard enough.
Speaking of biased information... :-P
Not that I disagree with you, I'm just sayin'... ;-)
WE all have our own personal biases for sure. you would hope that a major news source would not be so obvious about their bias. perhaps show both sides once in a while.
However, that is a pretty bizarre idea in itself since nobody is really going to pay to read the online edition newspapers and magazines on the internet. He is walking himself towards a dead end.
Therefore what he does would probably have little effect, since people will just switch to another source for information.
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M$However, in my opinion, this will fail to create any additional shareholder value. People have become accustom to reading the news for free on the Internet. So, they will just find other free sources for the news. Thus his online editions will suffer the same fate as the printed versions.
The only exception to this model is the Wall Street Journal. The Journal began charging people for access to its on-line edition from the beginning. The Journal has a narrow, specialized reader base who expect to pay for access to that paper.
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M$I also say his idea to charge for news is irrelevant to most people who use the internet to get their news fix. Unless there is some angle or proprietary aspect to what he is selling or wants to charge for who is going to pay for something they can get elsewhere for free.
But, all in all he is neither good nor bad for the internet.
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M$
