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News Corp's Chase Carey on the wrong platform?

Rupert Murdoch loves newspapers. Chase Carey, his New York chief operating officer, clearly does not. Ask him how News Corp can boost his still rather stagnant share price and he can't bear to think ink. "We are overly identified with the publishing business," he says. "Some concerns that exist around publishing we get widely associated with... Publishing has too wide a profile." So newspapers "are not going to drive our future". They only contribute 10% of News Corp profits – compared with 50% from TV. So "… Our future is being driven by those big, broad content-platform channel businesses." So, Mr Carey must hope that he doesn't soon feel a steely Aussie boot planted somewhere in his own big, broad content platform.

Source: The Guardian ↗

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