News Giant May Charge for Online News

2009-08-11 02:13:36 (GMT) (WiredPRNews.com - Media News, Press Releases)

News Corp may begin to charge for their online news.

News Corp reportedly may begin to charge users for online news.

Press Release Service – Wired PR News – Global media company News Corp may resort to charging for access to their online news to increase revenue. As reported by Reuters, the company may implement the change toward the middle of next year as well as cut ties with Amazon.com Inc.’s Kindle e-book reader due to discord in the relationship.

News Corp Chief Executive Rupert Murdoch has reportedly expressed being unhappy with the Kindle’s control this week and suggested a possible union with Sony Corp, who recently released a rival product of the Kindle.

Murdoch is quoted in the report as stating of the issue, “An industry that gives away its content is cannibalizing its ability to do good reporting.” As noted by Reuters, some media experts have suggested that such a move could drive away site visitors.

WiredPRNews.com - The latest in Technology News

Photo Credit: Wikipedia User Coolcaesar