Interview with Murdoch, via Drudge:
"The Internet is certainly ... you know, it's ... I was operating -- we've all been operating -- during a changing model of communications: television, moving pictures and so on. But the Internet has been the most fundamental change during my lifetime and for hundreds of years. Someone the other day said, "It's the biggest thing since Gutenberg," and then someone else said, "No, it's the biggest thing since the invention of writing." With the technology that goes with it, the fact is that everybody now is empowered: Anyone can buy what they want, shop where they want, talk to anybody in the world that they want (and) state their own opinions. There's no mystery to a blog: Put up your thoughts (and) find friends. And the younger people are, the more time they're spending on it -- it's extraordinary. We bought (MySpace.com) a few weeks ago and just closed the deal last night, legally. There are 32 million people already registered on that, and there are 125,000 a day being added to it. They're finding common interests: When they're 17 or 18, they go on looking for dates; if they're 25, there are 3 (million) or 4 million young mothers out there talking about things. Within that, there are lots and lots of communities, and they can all blog -- they can all write in a personal diary every week, or whatever they want."
Read entire interview.