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Summary:

Updated with video clips below courtesy of AllThingsD

Rupert Murdoch, the new owner of D conference, and Dow Jones (NYSE: NWS), is speaking…

Updated with video clips below courtesy of AllThingsD

Rupert Murdoch, the new owner of D conference, and Dow Jones (NYSE: NWS), is speaking in the last keynote of the day today, at his conference. When asked by Walt about the future of newspapers: “I just love communicating with people, whether print, TV, print, mobile and others. Print will be there for at least 20 years, and outlive me.”

On keeping WSJ/Barrons as subscription: “When I saw how much money they were making, I changed my mind on it. People can pay a lot more than we are charging, from $50 a year to $150 million…We have 2000 great journalists….if we can’t fashion something great out of it, then we have something wrong,” he said, elaborating on the premium product that WSJ can build on.

Keeping on building up WSJ: “Every piece of story in WSJ has on average about 8.3 editors involved…that is ridiculous. You have to get all of the facts in in half the space…New York Times (NYSE: NYT) charges $500 a year for subscription…now we charge about $150 a year. We still have a long way to go.”

On MSFT-YHOO: “I am mystified. If Microsoft (NSDQ: MSFT) just left the deal on the table, the shareholders would have seen the light. The alternatives are too complicated…the deal with Google (NSDQ: GOOG) would surely increase their bottomline, but there is a real regulatory risk in any of this. If this gets stuck in regulatory approval for 12 months, Google will eat everyone’s length. Google gushes money, and you can see why Microsoft is worried.” Lots more after the jump…

Pic courtesy: AllThingsD, Asa Mathat.

If you were Ballmer: “I would get on with the deal…start again with $33.”

On Icahn: That’s not serious…he just wants to make a few hundred million bucks.

On MySpace’s talks with Yahoo: “There was a possibility at one point…we would have spun off MySpace and put into Yahoo (NSDQ: YHOO). But it seems to have petered off…”

MySpace vs Facebook and attention on latter: “In the last six months, we have developed tremendously. By any measurement, we are 2-3 times more, and we are only beginning our international expansion. In U.S., we have twice so many uniques…any user in U.S. stays with us an hour a month longer than Facebook.”

Bebo, and did News Corp looked at it: “We looked at it about a year ago, and it was $100 million or something in that range

Movies and the future of distribution: “I would love to see all windows closed…but there are lots of people’s interest to consider. The theater owners are powerful, but we will try and move to close that gap as much as possible.”

Google: “I think they are great partners…I think they are the greatest company in America. But, for anyone to be a monopoly is a problem…but the marketplace takes care of monopolies.”

On broadband access in U.S. and how the country is way behind: “It is a disgrace. I think the telephone companies will knock out the cable companies…”

Part one

Part two

Register for our EconAds seminar, June 3rd, at the New World Stages in New York City. Covering the economics of online advertising.

  1. How candid…when Murdoch speaks, it's wise to listen.
    Regarding the "print will be there for at least 20 years" comment, I wonder which forms of print media he is referring to. Is that specifically newspapers?

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  2. i don't think that bebo make 100M$ only …. Google may be in this with 500M$ .. i hope that happen :)

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  3. How candidwhen Murdoch speaks, its comprehending to listen. Regarding the scribe leave equal masterly over at incipient 20 oldness comment, I confusion which forms of formulate media he is referring to. Is that specifically newspapers?

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  4. Are you serious, BEBO making so much money? No I dont think so.

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  5. While the guy has had great success, he still seems like an arrogant know-it-all. Learn a little humility with making such bold predictions.

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  6. I’ve embedded WSJ the clip here. The song is already generating buzz in the U.K. among Murdoch watchers.
    Money exchange

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