News Corp. CEO Rupert Murdoch said at a news conference in Australia that the Wall Street Journal web site will become free after the company closes on its purchase of Dow Jones & Co., the Journal’s parent.
A Reuters story stated, “The media mogul also said he was also planning to boost the numbers of subscribers to the Wall Street Journal’s Web site more than tenfold by making access free.
“‘We are studying it and we expect to make that free, and instead of having 1 million (subscribers) having at least 10-15 million in every corner of the earth,’ the 76-year-old told a shareholder meeting in the Australian city where the global media group was founded.
“Murdoch said News Corp’s film division, its expanding online businesses and its acquisition of the Wall Street Journal would drive future growth.”
Read more here.