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Major media giants to form joint venture for digital future, says WSJ
News Corp, Time Inc., Condé Nast Publications Inc., Hearst Corp., and Meredith Corp. If this Wall Street Journal report is to be believed here, these five major media firms are preparing to announce a new joint venture tomorrow to "prepare print publications for a new generation of electronic readers and other digital devices." Details are a bit sketchy here, and what makes it more interesting / confounding is that many of these companies already have or have showcased separate initiatives, such as Hearst's Skiff and tablet demos from both Time and Condé Nast. We'll be eager to find out if there are any devices the group rallies behind (or even produces itself), but one thing's for sure: good old Rupert Murdoch will have something fun to say on the matter.
Rupert Murdoch staying out of the e-reader business, Red Eye sadly still on the air
With the news biz in obvious (and some might say terminal) disarray, of course folks in the industry will be seeking out ways to stay afloat in the age of the e-reader -- and it's long been rumored that Rupert Murdoch's News Corp is looking to launch a device of its own (if by "long" you mean "since early April or thereabouts"). When asked yesterday if this was the case, Murdoch answered: "I don't think that's likely. We're looking and talking to a lot of laboratories and big companies around the world like Sony, Fujitsu, Samsung. We're all working on wireless readers for books or for newspapers or for magazines. I think they're a year or two away, being marketed in a mass way, high quality ones. And we will be absolutely neutral. We're very happy to have our products distributed over any device provided it's only going to subscribers who are paying for it." Of course, the man may have some sort of diabolical scheme up his sleeve (when doesn't he, really?), but for the time being, he says, the Wall Street Journal is doing "very well... you've got the wallstreetjournal.com and you pay for it. And there is 1.25 million people nearly who are doing that. And we get a lot of advertising with it. It's a big business for us." So it's more likely that we'll see more News Corp papers adopting an online subscription model before the advent of any Fox News e-ink device. But if it does get in the hardware business, we'll gladly shell out for a Glenn Beck signature model. But only if it's ironic. [Via GigaOM]
Report: Rupert Murdoch forms global team, looks into hardware for content revenue stream
In case you didn't think Rupert Murdoch was serious about e-book readers before, The Daily Beast has it from its sources that the News Corp mogul has assembled a global team, with members hailing form London, New York, and Sydney, to find some way to better monetize / charge for online content. Unsurprisingly, that leads to hardware and possibly creating a more "user-friendly way" to deliver content that'll incentivize consumers to pay -- Kindle does it, Hearst wants to do it, so why not the world's biggest media conglomerate? As for the mythical device itself, let's recap what we've heard so far, from the man himself: a bigger screen than Amazon's now-antiquated models, a four-color pallette, and"you can get everything there." Now how about putting a name to the manufacturer, hm? [Via Electronista]
