News Corp. (NYSE: NWS) Chairman and CEO Rupert Murdoch told attendees at The Cable Show that the company is investing in a device with four-color capabilities and a larger screen than the Amazon (NSDQ: AMZN) Kindle — at least that’s what he said. But asked for details following the session, a News Corp. spokeswoman said the idea was “very exploratory.” Is there an investment in a company? No.
The Kindle and four-color device were among the ideas Murdoch raised in a brief exchange with Fox News’s Neil Cavuto about the future of newspapers following a lengthy discussion about global economics and politics. Murdoch waved off the possible closing of the San Francisco Chronicle as a harbinger of newspaper doom: “It