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After Fairfax's recent announcements here, everyone in the newsagency industry was waiting to hear what News Corp had to say. The only ones talking were the doomsayers who predict calamity at every opportunity.
Well, News Corp's announcement today was not bad for newsagents. It is what I wrote earlier here that would happen. They are committed to print.
Newspapers are profitable to News Corp. They stated, “We believe in print and are committed to print. We still sell around 11 million newspapers a week. Advertisers still find huge value in print.”
Like Fairfax, they are going to be standardising their papers nationally. A local newspaper is becoming a national newspaper with some local content added.
