Read this: James Murdoch signals reduced role for his familys newspapers -Business News, Business - The Independent
Summary: James Murdoch, annointed heir to his father's media conglomerate, News Corporation, signalled that the family love affair with newspapers is coming to an end and the business will shift its focus to television and entertainment in the future. Rupert Murdoch, who is chairman of News Corp, has become, if anything, more vociferous in defence of newspaper journalism in recent months, threatening to ban Google from offering links to his papers' online content and promising soon to start charging for newspaper content that his titles put on the internet. James Murdoch's comments reflect a view that, no matter how successful that effort to convert readers to a paid-for service, newspapers will continue to offer less profitable opportunities for News Corp. - independent.co.uk
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