<embed type='application/x-shockwave-flash' src='http://foxnews1.a.mms.mavenapps.net/mms/rt/1/site/foxnews1-foxbusiness-pub01-live/current/videolandingpage/fullPlayer/client/embedded/embedded.swf' id='mediumFlashEmbedded' pluginspage='http://www.macromedia.com/go/getflashplayer' bgcolor='#000000' allowScriptAccess='always' allowFullScreen='true' quality='high' name='FOX Business' play='false' scale='noscale' menu='false' salign='LT' scriptAccess='always' wmode='false' height='275' width='305' flashvars='playerId=videolandingpage&playerTemplateId=fullPlayer&categoryTitle=undefined&referralObject=5827911' / align=left hspace=7 vspace=3"News Corp. CEO and chairman Rupert Murdoch stopped by his Fox Business channel yesterday and sat down with Neil Cavuto to discuss the future of the various Fox channels and its interactive business, new News Corp. deputy chair Chase Carey and the state of the world. Murdoch even touched on his feelings about the future of newspapers.
As one of the most powerful media owners in the world, when Rupert talks the future of newspapers, we listen. Some highlights are below.
Murdoch talked about his vision of a digital future for newspapers:
“We think of newspapers in the old fashioned way, printed on crushed wood so to speak. It’s going to be digital. Within 10 years I believe nearly all newspapers will be delivered to you digitally…But if you’ve got a newspaper with a great name and a great reputation and you’re trusted, the people in that community are going to need access to your source of news. What we call newspapers today, I call ‘news organizations’ and ‘journalistic enterprises,’ if you will. They are the source of news. And people will reach it, if its done well, whether they do it on a Blackberry or a Kindle or a PC.”
On whether Chase Carey, who is returning to News Corp. after serving as CEO of DirecTV, is his “heir apparent”:
“No, I don’t think we’re making any commitments on that at all. No, no, Chase is coming in to be my partner and right hand. He was with us for 17 years before I think, he’s coming home.”
“Boston is a very strongly unionized place and they might find that difficult. But it’s a great paper, its a great institution, The Boston Globe. I can’t see that disappearing.”