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Dec 13, 2007

Snippets: Murdoch interviewed on Fox News

Shareholders approved News Corp's purchase of Dow Jones today. Rupert Murdoch then appeared on Fox News.

Snippets from the interview...
  • He plans to develop international editions of The Wall Street Journal.
  • In regard to competition with The New York Times: "We are a long way in front now."
  • Despite the success of the WSJ.com paid subscriber model, Murdoch talks of making the site free saying they'll cover the subscription revenue by increasing total online circulation (viewers) resulting in greater online advertising revenue. More eyes, more ad dollars.
  • On how to get young people reading newspapers again: "Make newspapers better and more exciting."
  • On making articles shorter: Murdoch wants to "keep the paper busy." Perhaps break stories in parts, "guts on the front page" and the rest inside.
  • On Fox Business Network: "It's going well." Dow Jones and Fox Business Network will help each other.
Murdoch also talked politics and shared views on the writers' strike and its impacts on the industry.

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