Newspapers on the Rack: Murdoch


Rupert Murdoch, chief executive of News Corporation and publisher of the Wall Street Journal, warned that financial pressures on US newspapers would see them "deteriorate tremendously". Speaking at the D: All Things Digital conference in California, he said newspapers will have to lower their profit margins from 30pc to 10pc, and publish stories people "want to read" rather than articles designed to win Pulitzer Prizes.

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