A beautiful post from Murdoch disclosing fully and unashamedly the big media agenda; the use of state power to shut down more efficient and better competition.
A quick reminder of the facts; newspaper advertising revenue is falling off a cliff:
This is creative destruction; and creative destruction is a wonderful force for growth and development. Times change, societies change, fortunes will be made and fortunes will be lost.
It’s in the immediate interests of the entrenched big media elite to harness the power of the state to create draconian laws to snub out the copy and paste new media culture that has developed, because that opens up a whole new revenue stream: litigation. If you can’t earn your millions, you might as well litigate your way to them.