"News Corporation Chairman and Chief Executive Officer Rupert Murdoch announced
today the formation of a new portal that will allow its worldwide editorial
properties to share content and resources across the entire company."
This is such an obvious move, I cannot believe it has taken any major news organisation this long to take it.
In the future, there will only be a handful of fiercely competitive, viable news organisations, catering to the global audience. The rest of the news, and there will be plenty of it, will be local and niche based. There is no need for dozens and dozens of news organisations all chasing the same basic facts of a basic news story. There are only so many ways you can tell the story of say, for example, a plane crash.