News Corp.'s Rupert Murdoch said today, when announcing News Corp's fourth quarter results, "That the newspaper sector is changing is clear - but companies willing to invest in new forms of delivery, which have a commitment to quality, will prosper."

Murdoch went on to say that he has been cautious in the past about charging for viewing a website. However, Murdoch's recently acquired  Wall Street Journal pay-to-view website www.wsj.com has seen an 88 per cent increase in subscriptions, which start at £44.50 for a year.

News Corp.'s newspapers experienced a revenue boost this year, which may be due to the acquisition of Dow Jones, which publishes the Wall Street Journal (WSJ).

Source: Press Gazette