Walt Mossberg interviewed Rupert Murdoch at The Wall Street Journal's D6: All Things Digital conference today. Some very interesting quotes in there from Murdoch:
- he says newspapers around the world are down 10 – 30% in ad revenue, which eats into profit margins. "They've made every economy they can in production, with computers and so on," says Murdoch. "Now they're going to have to reduce costs in journalism and things are going to deteriorate tremendously."
- "A news story published in a newspaper is, on average, touched or edited by 8.3 people. That is ridiculous."
