News Corp to publish newspapers for 'decades and decades'
May 26, 2014 00:00 2,268 Viewed
SYDNEY - The head of Rupert Murdoch's News Corp. on Monday said the group will be publishing newspapers for "decades" and hit out at the "morbid mindset" of those who say print is dead.
Chief executive Robert Thomson, who oversees more than 100 newspapers including The Wall Street Journal and The Times of London, rejected fears the medium was finished as the industry battles a slump in advertising and circulation revenues.
"It's a sign of a morbid mindset that afflicts not just in this country but, internationally, some media groups," Thomson told The Australian broadsheet, a News Corp. newspaper.
"Fatalism can be fatal. I think people have failed to articulate enough the power of print as a platform."
He added that News Corp's newspapers would be in print for "decades and decades and decades ... print will continue to evolve in the same way that digital is evolving".
His comments came just days after he extolled the value of newspapers in a media and advertising event in Sydney, saying they played an important role in his company's multimedia future and that advertisers were still attracted to print.