News Corp. announces big profits and plans for pay walls
Posted by Leah McBride Mensching on February 3, 2010 at 11:20 AM
As News Corp. announced profits of US$254 million over the three months up to December, Rupert Murdoch said his company is close to implementing online subscription models for all of its newspapers like the Times, the News of the World, and the Sun. The company is also in "advanced negotiations" with handheld-device manufacturers about possible paywalls that would allow customers access to News Corp. content "whenever and wherever they want it," said Murdoch.
According to Murdoch, "ingenious and fabulous devices" like the iPad and the Kindle "would be unloved and unsold" without the creative content supplied by newspapers. "Content is not just king, it is the emperor of all things digital. We're on the cusp of a digital revolution from which our shareholders will profit handsomely," said Murdoch.
For more on this story, visit our sister publication, editorsweblog.org.
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![Digg](http://digg.com/submit?phase=2&&url=http%3A%2F%2Fwww.sfnblog.com%2Ffinancials%2F2010%2F02%2Fnews_corp_announces_big_profits_and_plan.php&bodytext=<form mt:asset-id="5146" class="mt-enclosure mt-enclosure-image" style="display: inline;" contenteditable="false"><img alt="Thumbnail image for Thumbnail image for MurdochWEF.jpg" src="http://www.sfnblog.com/assets_c/2009/12/MurdochWEF-thumb-300x445-4440-thumb-200x296-5144.jpg" class="mt-image-left" style="margin: 0pt 20px 20px 0pt; float: left;" height="296" width="200" /></form>As News Corp. announced profits of US$254 million over the three months up to December, Rupert Murdoch said his company is <a href="http://www.guardian.co.uk/media/2010/feb/03/murdoch-news-corp-increases-profit">close to implementing online subscription models for all of its newspapers</a> like the Times, the News of the World, and the Sun. <br /><br />The
company is also in "advanced negotiations" with handheld-device
manufacturers about possible paywalls that would allow customers access
to News Corp. content "whenever and wherever they want it," said Murdoch.<br /><br />According to Murdoch, "ingenious and fabulous devices" like the iPad and the Kindle
"would be unloved and unsold" without the creative content supplied by
newspapers. "Content is not just king, it is the emperor of all things
digital. We're on the cusp of a digital revolution from which our
shareholders will profit handsomely," said Murdoch.<br /><br />For more on this story, visit our sister publication, <a href="http://www.editorsweblog.org/newsrooms_and_journalism/2010/02/news_corp_closer_to_charging_for_online.php">editorsweblog.org</a>.<br /> &title=News Corp. announces big profits and plans for pay walls){kind=link}
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