"As long as existing constraints are imposed on pay-TV in Australia, there is a future for network television," he said. "But you certainly wouldn't pay 20 times earnings for something, because the rules could change tomorrow and pay-TV would explode with 200 or 300 channels which would split the audience."
12 Nov. 2007
Murdoch Presages The Death Of Free-To-Air TV
at 5:16:00 pm