News Corp. Mogul Cries 'Charge!' for Online News

Rupert Murdoch is kicking sand at the "free" model touted by Wired's Chris Anderson and going his own way. The News Corp. (NWS) chairman has announced that, due to poor advertising revenue on numerous news properties, the company will begin charging for all online news content within a year. News Corp. lost $3.4 billion in the just-ended fiscal year, after a massive $8.9 billion in one-time charges.

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