Rupert Murdoch, the owner of the Wall Street Journal, a newspaper that charges a fee for visitors to access its online content, believes that this is the only way for newspapers to survive. He points to the New York Times as an example of how online advertising is not offsetting the decline in print advertising revenue.
“People reading news for free on the Web, that’s got to change,” said Murdoch speaking at The Cable Show, an annual cable television industry event, in Washington, D.C.
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