Monday, November 17, 2008

Rupert Murdoch: Thumbs Down on Editors; Thumbs Up on Bloggers

Rupert Murcdoch. The very name creates division among media professionals, consumers and movers and shakers in the financial world. Fellow media mogul Ted Turner hates the guy. Somebody else probably loves him, but we don't hear a lot about people loving him. He's been a lightning rod in his 77 years on the planet. This year, Forbes Magazine named him the 109th richest person in the world, with a reported net worth of $8.3 billion. The guy makes Our Holy St. Oprah of Chicago look like a pauper.

Currently Mr. Murdoch is mad at newspaper editors who have been slow to catch on to the technology that is moving at breakneck speed and leaving traditional newspapers in the dust. Murdoch spoke to Charles Cooper at CNET, freely espousing his feelings about editors whose heads are firmly buried in the sand. Since we were just ranting about the future of newspapers here the other day,(Extra! Extra! Scroll All About It - Nov. 11) it seemed appropriate to let the 109th richest person in the world rant here, too.

Murdoch is in agreement with us that newspapers are not going to disappear, and that in order to survive they will have to digital up, so to speak. What do you think? Weigh in. Speak up. Rant, willya? C'mon.

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