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After a lot of talk from News Corp Chairman Rupert Murdoch and others about The Wall Street Journal becoming a completely free website, Murdoch has announced today that the majority of its content will indeed remain behind the paywall. Thanks a lot, Murdoch, for getting our hopes up! In a discussion today at the World Economic Forum in Davos, Switzerland, Murdoch commented that "We are going to greatly expand and improve the free part of the Wall Street Journal online, but there will still be a strong offering" for subscribers, according to the Wall Street Journal. Well, it's a start.
After The New York Times made a larger portion of its content free to all, Murdoch has seemingly been sitting back in observance of the Times' decision, seeing how things played out in the end. It has been a bit of a bumpy ride so far, with the economy still suffering, the overall printed media industry still suffering, and the newspaper company still adjusting to relying on advertisements in the wake of lifting the paid-subscription wall.