Murdoch: Twitter's an amazing phenomenon

Twitter is "amazing," according to Murdoch
Twitter is "amazing," according to Murdoch

The CEO and Chairman of News Corp, Rupert Murdoch, has revealed in an interview that he feels micro-blogging sensation Twitter is an "amazing phenomenon" but fears the owners of the site will have trouble making money from its success.

Speaking to Murdoch revealed his thoughts on the Twitter, explaining: "It's an amazing phenomenon but I have no idea how they can monetise it. No one monetises the Web today to any extent other than search."

More outspoken

On the theme of search, he also spoke candidly about Google and the news aggregation side of the search giant's business – an area which is obviously close to the heart of the owner of The Sun and The Times newspapers in the UK.

When asked about the aggregation of copyrighted content on the internet for free, Murdoch noted: "We'll be more outspoken on the whole issue of payment for copyright material and that goes to every aggregator, whether it be Yahoo! or Google or or anything.

"We employ thousands and thousands or people as do others. I mean, there are billions of dollars spent, probably every month, but certainly every year in the collection and the creation of copyright by organisations and they cannot do that and have that material which they own stolen from them or the business will be destroyed."

Via PaidContent

Marc Chacksfield

Marc Chacksfield is the Editor In Chief, at DC Thomson. He started out life as a movie writer for numerous (now defunct) magazines and soon found himself online - editing a gaggle of gadget sites, including TechRadar, Digital Camera World and Tom's Guide UK. At Shortlist you'll find him mostly writing about movies and tech, so no change there then.