In the midst of News Corporation's shelving of its 'Project Alesia' due to over running costs, Rupert Murdoch showed support for the British government's rigorous spending cuts as well as defended independent professional journalism and free market economics, PressGazette.co.uk reports.
According to Press Gazette, Murdoch's speech comes in light of heavy opposition from the BBC and rival publications who fear that News Corp's possible control over the remaining 61 percent of BSkyB that it doesn't already own, will make the company "too big and powerful in the UK."
But Murdoch stressed that journalism needs to stay perseverant, independent and "hard-driving" in order to expand and cater to the new world of modern mass communication. He emphasized the idea that no matter how prominent digital media becomes, there will always be the need for credible sources and "a professional seeking to uncover facts no matter how uncomfortable."




