Yeah, he’s considered a money-grubbing vulgarian whose malign influence has turned cable news into a tabloid cesspool. But as this Time article suggests, he understands the potential of all-online news. Consider:
Two years ago, Murdoch’s archrival, Sumner Redstone of Viacom, thought he had a deal for MySpace, but News Corp. swooped in and snatched it, bidding [...]

A brief look at what the media is saying about itself:

A columnist says getting slimed by Bill O’Reilly is a honor. I imagine it’s sorta like being called a Dorito-eating basement-dweller by PJS editorial page overlord Mike Bailey. Hat tip to Romenesko.
AOL has decided it needs to run its news in a blog-style format. Jeff [...]