Dow Jones & Co. CEO Les Hinton told a Japanese crowd on Monday that the company gets nearly half its revenue from digital publications because progress in media technology is continuing despite a global recession.
“Hinton said Apple’s new gadget is significant because it is among ‘the first of scores of mobile tablet media’ that can replicate the functions of newspapers, adding that the machines ‘are going to get lighter, faster, cheaper, and will be universal.’
“He also said major media organizations with a global reach need to localize their content to fit the needs of each market.
“‘It doesn’t do just to be global anymore. You have to be local, too,’ he said, explaining that the group now publishes news and business information in a dozen languages including Japanese, Chinese, Spanish, German, French and Arabic.”
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