Murdoch: Newspapers will never die

Global media magnate Rupert Murdoch said pessimists who predict the internet will kill off newspapers were “misguided cynics” failing to grasp that the online world is a potentially huge new market of information-hungry customers.

Newspaper companies in the United States and elsewhere are facing fundamental changes to their businesses as more people get their news from the internet and other sources, and advertisers follow the market away from the paper-and-ink format.