Media mogul Rupert Murdoch said Tuesday that the future of journalism is brighter than ever.
Speaking at an FTC conference on the state of journalism, the News Corp. (NWS) CEO argued that media organizations have to create news that consumers will pay for and that the government must loosen regulations so that companies have more options to remain profitable.
"What is most important is that the news industry remains free, independent and competitive," he said.
Murdoch said that newspapers have prospered because the communities that they serve trust them to hold governments accountable and to provide their readers with pertinent information.
He noted that the advancement in digital news technology expands the opportunities for news providers to serve their readers fully.
The media mogul went on to say that news providers must create products that the consumer wants. Murdoch, who is reportedly considering keeping news from his company off of Google (GOOG), said quality news content is not free to produce, and stressed that the future of journalism relies on news organizations providing news that consumers are willing to pay for.
He added that customers will pay if news organizations create high-quality journalism that is worth the price.
Murdoch said that news organizations invest tremendous resources in their products, but the products are often misappropriated by aggregators, who enjoy the benefits of the high costs put into creating quality journalism.
He concluded his remarks by stressing that the government needs to remove arbitrary and contradictory regulations that now stifle competitive markets. Murdoch said that current rules prohibiting cross-ownership of television stations and newspapers should be dissolved in order to increase competition and invigorate the newspaper market.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.