Rupert Murdoch shared his views on the future of journalism in an opinion piece in his Journal. Murdoch challenged the popular belief that technology may be the death of newspapers, saying instead that government regulations on the press are the real threat against the industry.
The government has a role here. Unfortunately, too many of the mechanisms government uses to regulate the news and information business in this new century are based on 20th-century assumptions and business models. If we are really concerned about the survival of newspapers and other journalistic enterprises, the best thing government can do is to get rid of the arbitrary and contradictory regulations that actually prevent people from investing in these businesses.