Statement of Rupert Murdoch, Executive Chairman of News Corp, on a Carriage Fee for Trusted Publishers
January 22 2018 - 1:37PM
Business Wire
News Corp today issued the following statement from Executive
Chairman, Rupert Murdoch:
"Facebook and Google have popularized scurrilous news sources
through algorithms that are profitable for these platforms but
inherently unreliable. Recognition of a problem is one step on the
pathway to cure, but the remedial measures that both companies have
so far proposed are inadequate, commercially, socially and
journalistically.
There has been much discussion about subscription models but I
have yet to see a proposal that truly recognizes the investment in
and the social value of professional journalism. We will closely
follow the latest shift in Facebook’s strategy, and I have no doubt
that Mark Zuckerberg is a sincere person, but there is still a
serious lack of transparency that should concern publishers and
those wary of political bias at these powerful platforms.
The time has come to consider a different route. If Facebook
wants to recognize 'trusted' publishers then it should pay those
publishers a carriage fee similar to the model adopted by cable
companies. The publishers are obviously enhancing the value and
integrity of Facebook through their news and content but are not
being adequately rewarded for those services. Carriage payments
would have a minor impact on Facebook’s profits but a major impact
on the prospects for publishers and journalists."
About News Corp
News Corp (NASDAQ:NWS)(NASDAQ:NWSA)(ASX:NWS)(ASX:NWSLV) is a
global, diversified media and information services company focused
on creating and distributing authoritative and engaging content to
consumers throughout the world. The company comprises businesses
across a range of media, including: news and information services,
book publishing, digital real estate services, and cable network
programming and pay-TV distribution in Australia. Headquartered in
New York, the activities of News Corp are conducted primarily in
the United States, Australia, and the United Kingdom. More
information: http://www.newscorp.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180122006417/en/
News Corp Corporate CommunicationsJim Kennedy,
212-416-4064jkennedy@newscorp.comorNews Corp Investor
RelationsMichael Florin, 212-416-3363mflorin@newscorp.com
News (ASX:NWSLV)
Historical Stock Chart
From Mar 2024 to Apr 2024
News (ASX:NWSLV)
Historical Stock Chart
From Apr 2023 to Apr 2024