If anyone is in position to renew and reinvent the newspaper business it is Rupert Murdoch. First and foremost he is a talented businessman. Second he is willing to spend to learn. Check that, invest and lose to learn. Third he is daring. For a septuagenarian to jump in and buy MySpace with nary a friend request was a bold move to say the least.
I applauded Mr. Murdoch for buying the Wall Street Journal because I expected him to take his understanding of the financial news business and marry it with the community building expertise he purchased in MySpace. Then, I thought, he’d build an online business property the likes of which we’d never seen — think LinkedIn meets Facebook meets the Allen and Company Retreat. (Well, I may have over-thought that one. Hee hee.)
But Mr. Murdoch understands news, the human condition and what people want in entertainment (Fox). Within 2 years I expect him to make a big online move that will cross all these platforms. It will be news-based, globally branded, locally relevant, and will make reporters out of all of us. It will be huge. Peace!
PS. Are you listening Jeff Dachis?