Internet means end for media barons, says Murdoch

Internet means end for media barons, says Murdoch · Magnate hails second great age of discovery · Power 'moving from the old elite to bloggers' Owen Gibson, media correspondent Tuesday March 14, 2006 The Guardian Rupert Murdoch last night sounded the death knell for the era of the media baron, comparing today's internet pioneers with explorers such as Christopher Columbus and John Cabot and hailing the arrival of a "second great age of discovery". The News Corp media magnate nurtures a long-held distaste for "the establishment" but last night confided to one of the few clubs to which he does belong - The Worshipful Company of Stationers and Newspaper Makers - that he may be among the last of a dying breed. "Power is moving away from the old elite in our industry - the editors, the chief executives and, let's face it, the proprietors," said Mr Murdoch, having flown into London from New York after celebrating his 75th birthday on Saturday.

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