Media giant Murdoch predicted a poor outlook for the newspaper. He believed that the newspaper could not adapt to the Internet age.
"In the future, for many years," Murdoch said, "traditional printed media and the Internet will coexist. In an interview with press Gazette, a British media magazine, he said that good newspapers and magazines always have a market, and the cost of paper media has been minimized, now, we must rely on advertising, especially classified advertising. Paper media is under threat. This is the problem: I do not know that people under the age of 30 will read classified advertisements in newspapers.
Murdoch pointed out that daily newspaper prices are still too high. He also sternly condemned the distribution of free DVDs and other expensive promotions, he said, I personally hate the Free DVD promotion, although it has increased sales for a day, but there is no long-term impact.
He is obviously pessimistic about the future prospects of American newspapers. He said all newspapers outside of New York are monopoly newspapers and do not reflect public opinions. Their circulation decline will exceed the circulation.
Murdoch said that the development of internet businesses is its top priority. He said that this is not a panic reaction. It is a very cautious strategy. If you want to view views in the United States, we are currently in the third place.