You might have noticed that I pay close attention to Rupert Murdoch and his company, News Corp. I do this for a very good reason — he’s been on a billion dollar online spending spree this year, snapping up monsters like MySpace and Gamespot. If your serious about this biz you need to listen to the people who can buy you out.

In this article from Australian IT (a News Corp owned publication) Murdoch goes talks about the slow deflation of print and its loss of relevance to those under 30.

Murdoch said internet development was his top priority. It was not a panic reaction, he insisted. “It was a very careful strategy … if you take the number of page views in the US, we are the third biggest presence already.”