FOLIO: Personalities -- The Blog People Page
Murdoch’s Plans to Make WSJ.com Free, Rival The Times
Chandra Johnson-GreeneNews Corp. Chairman Rupert Murdoch announced this week that he intends to make access to The Wall Street Journal's Web site free-a move he believes will attract "large numbers" of big-spending advertisers.
"We expect to make that free, and instead of having one million [subscribers], having at least 10 million-15 million in every corner of the earth," Murdoch said.
News Corp. has signed an agreement to acquire Dow Jones & Co., and the deal is expected to close in the fourth quarter. A special shareholders meeting is scheduled for Dec. 13 in New York.
WSJ.com currently has about one million subscribers and generates about $50 million in annual user fees.
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Overheard at FPS
Dylan Stableford FPS 2008 - 02/21/2008-17:25 PM[EDITOR’S NOTE: The following quotes are from various sessions during Day One of the 2008 FOLIO: Publishing Summit. We’ll add to this list throughout the day.]
“No one’s reading the magazine on the Web.”
—Dana Spain-Smith, COO, DLG Media Holdings, on the tired practice of replicating articles online.
“I’m trying to eradicate the word ‘hope.’”
—Michael T. Carr, president, Niche Media, on motivating his sales team to succeed.
“The company was founded on the social construct of Dad at work, Mom at home, Chevy in the driveway—clearly, we needed to change.”
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