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Soundbite: Murdoch Deputy Says “Beware Of Geeks Bearing Gifts”

Soundbite: Murdoch Deputy Says "Beware Of Geeks Bearing Gifts"

"The news, they say, is viral now – that we should be grateful. Well, I think all of us need to beware of geeks bearing gifts. Here we are in 2009 – more viral, less profitable. Because news costs. Because quality costs. Because free sets the price too low. Because free isn’t sustainable. Because free is too expensive." --Dow Jones CEO Les Hinton, railing against the "content kleptomaniacs" who dominate the Web (more...)



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