Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Disclaimer: The Parliamentary Library does not warrant or accept liability for the accuracy or usefulness of the transcripts. These are copied directly from the broadcaster's website.
Good news for News Corp -

View in ParlViewView other Segments

ELEANOR HALL: News Corporation has announced a strong quarterly result. Its revenue is up by 10 per
cent to $US 8.7 billion and Rupert Murdoch is crediting the strong box office performance of films
like Avatar.

But he glossed over the sluggish performance of some of his digital businesses to again push his
plan for charging for online content. Mr Murdoch said News Corporation is close to unveiling its
model for web subscription services as Craig McMurtrie reports.

CRAIG MCMURTRIE: On the back of Avatar, a box office success he described as stunning, and with it,
a strong quarterly result. The News Corporation chief returned again to a favourite theme -
charging for online content.

RUPERT MURDOCH: Excuse the immodesty, but News Corporation's pre-eminence as a content creator
comes as the debate over the primacy of content is over. Content is not just king, it is the
emperor of all things electronic. We are on the cusp of a digital dynasty in which our company and
our shareholders will profit greatly.

CRAIG MCMURTRIE: With financial analysts and reporters listening into the quarterly teleconference
call, Rupert Murdoch said News Corporation was in advanced talks with other media companies and
device managers. And while he wouldn't be pinned down, he promised a typically aggressive approach.

RUPERT MURDOCH: Far too many content companies were passive in the phase of predatory behaviour and
self-serving sophistry. Passivity and meekness are not characteristics of our company. A year ago
(inaudible) was though heretical, but somehow the profane has become profound and the content clan
has gathered around our ideas.

As I said earlier, the value of content is now clear, instead of the existential debate about
value, now we are merely haggling over valuations.

CRAIG MCMURTRIE: Predictably the question centred on what sort of online subscription model and

RUPERT MURDOCH: We'll be charging for online wherever we have publications, certainly be doing that
in Australia and Britain and this country.

REPORTER: Okay, and anymore precise plans for Australia? Any specific online publications you'll be
looking at next?

RUPERT MURDOCH: It'll certainly be all of our publications and you know, we'll see how it develops
and it wouldn't surprise me if Australia's, you know, a couple of months behind the other

CRAIG MCMURTRIE: Describing News Corporation as the world's pre-eminent content company he was
completely dismissive of suggestions that newspapers could face disaster if they started charging
for content on websites. He says there'll be more details of his thinking in the next two months.

This is Craig McMurtrie in Washington for The World Today.