What an ass! The biggest consolation is that since he and his band of extremists took over the Journal, there’s nothing of merit in it any more except the stock quotes. And you can get those lots of places for free.

Fine. ...

I had downloaded WSJ for the iPhone quite a while back. ... It was one of the Apps on my iPhone that I used at least five times a week. ...

Deleted! Poof! Gone! History!

Well let’s see, a bizzillion news sources minus one is still a bizzillion news sources. So long and don’t let the door slam you in the a@* on the way out.

The news outlets have to make money somehow. However, unless they have something to offer that is much better than the free sites then this subscription plan may fail.

His business model doesn’t make sense. 

“...while subscribers to either print or online editions of the newspaper would have to pay $1 per week to access it.”

So, I pay my fee to have access to the online edition, but he’s now going to tell me that somehow I have to pay more to access WSJ via Safari on my iPhone than using Safari on my MacBook Pro (which can be very mobile, BTW).

This guy seriously needs to get a clue!!!

This guy seriously needs to get a clue!!!

Well has a few clues or he wouldn’t be so filthy rich, but he is clueless enough to understand that gouging subscribers may backfire.

Anyway, I don’t think that this guy Murdock was even born in the USA. Has anyone seen his birth certificate or a certificate of live birth? /joke

Well has a few clues or he wouldn’t be so filthy rich,

Wealth is not predictive of intelligence or skill…it’s mostly related to luck.  Check out Nicholas Taleb’s “Fooled by Randomness”.

Anyway, I don’t think that this guy Murdock was even born in the USA. Has anyone seen his birth certificate or a certificate of live birth?

He was an Australian, like me, except that he’s filthy rich!.
He turned American so he could buy up all your newspapers & TV stations.

And if you think he’s scary, you should have seen (The Late) Kerry Packer.

Yes, he is real crazy: he actually wants to be able to pay all the people with journalism degrees writing those stories and make a profit. The Journal, like the New York Times, actually researches stuff before they write it.

I do not know if the subscription model is the answer, however, by me several newspapers have closed shop. It isn’t possible to provide high quality journalism and not pay for it.

The Journal, like the New York Times, actually researches stuff before they write it.

Doesn’t he also own Fox News?

Seriously he may be right about the subscriptions. The people who value the content found in the Wall Street Journal will be willing to pay for it. Others who are more interested in the antics of Kanye West than financial and business news will have no problem getting free stories.

Furthermore as Terrin pointed out businesses need to make a profit. Is Murdoch’s plan of $104 per year to access the site too much? The market will decide that and then we can read about it in the business news.

Yes, he is real crazy: he actually wants to be able to pay all the people with journalism degrees writing those stories and make a profit. The Journal, like the New York Times, actually researches stuff before they write it.

If the New York Time and the Wall Street Journal are so great at things like “investigative journalism” than why is it that neither paper broke the ACORN story instead of a pair of college students?

Old Media works for people out of sync with the changes of time. ... Stuck in the rut. And for the nostalgia of days gone. ...

If you look at New York, on any given Sunday, there will be all the modes of transportation ever invented, walking, horses, blimp, aircraft, carriages (Horsed and otherwise), Bikes, unicycles, pogo sticks, skates. ...

Of those transport items, old media is a horseless carriage market in a modern world. ... And that markets will make niche money.

It is unimportant that he wants to make enough money to pay his folk enough to make a living, and a profit for himself, what matters is that only a very small segment of the market wants to pay him anything.