In the latest round of will he-won’t he, Rupert Murdoch told his own Fox Business Network not to expect a Kindle-like device from News Corp (NYSE: NWS). Speaking in Sun Valley, where he is participating ine the Allen & Co. conference, Murdoch said: “I dont think thats likely. Were looking and talking to a lot of laboratories and big companies around the world, like Sony (NYSE: SNE) and Samsung. Were all working on wireless readers for books or newspapers or for magazines. I think theyre a year or two away being marketed in a mass way, high quality ones, and well be absolutely neutral. Were happy to have our products distributed over any device provided its only going to subscribers paying for it.” The video is embedded below. More to come.
By Staci D. Kramer