On Murdoch

Newspapers, even if every single one of them acted in collusion, cannot establish a monopoly on news. The main source of value for newspapers is reporting on events in the real world, and since those events can’t be copyrighted, and can be reported on by radio stations and television programs and non-profits and webloggers and twitterers and and and, news online will always be a competitive business in a way music is not.

Via Mr. Clay Shirky.
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