A follow on from the post yesterday referring to Chris Anderson's speech on the concept of Free: Rupert Murdoch decision to keep some of the Wall Street Journal paid content has caused some reaction in the blogosphere. ...Anyway, here's a far more informative opinion from Kevin Kelleher over at GigaOM where he wonders what everyone's going to do when they realize there's not enough money to go around:

A follow on from the post yesterday referring to Chris Anderson’s speech on the concept of Free: Rupert Murdoch decision to keep some of the Wall Street Journal paid content has caused some reaction in the blogosphere.

Fred Wilson says that Murdoch is making his first digital mistake – wasn’t MySpace his first digital mistake? – anyway, Wilson says:

Here’s the deal. Digital media is not about scarcity and never will be. That’s the old media game. Online it’s about ubiquity, about being part of the conversation, about links, authority, page rank, and if you are a news organization like the WSJ – its about anchoring the discussion… I regret the mistakes we made at TheStreet.com with a paid content strategy and I learned from it. Never again. Rupert will learn that lesson too. Apparently the hard way.

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