Murdoch: No More Fees on WSJ Website

What You Should Have Read, Nov. 13, 2007

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Murdoch Says WSJ Web Site to Drop Fees
The Associated Press reports that News Corp. Chairman Rupert Murdoch said he intends to make access to The Wall Street Journal's website free, trading subscription fees for anticipated ad revenue. "We expect to make that free, and instead of having 1 million (subscribers), having at least 10 million-15 million in every corner of the earth," Mr. Murdoch said. WSJ.com, one of the few news sites globally to successfully introduce a subscription model, currently has around 1 million subscribers, and the site generates about $50 million in user fees. News Corp. has signed an agreement to acquire Dow Jones & Co., and the deal is expected to close in the fourth quarter.
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