MediaGuardian.co.uk's Chris Tryhorn reports that Rupert Murdoch admits he got it wrong on digital media [registration only].
"As an industry, most of us have been remarkably, unaccountably complacent," Mr Murdoch said. "Certainly, I didn't do as much as I should have after all the excitement of the late 1990s."
In a speech to American editors in Washington, Mr Murdoch issued a stark warning to the industry, arguing that the web was "a fast-developing reality we should grasp".
He said consumers wanted "control over the media, instead of being controlled by it", pointing to the proliferation of website diaries known as "blogs" and message boards.
And newspaper editors simply cannot afford to ignore this, he said, or to look down on readers or ignore what they actually wanted.
We talked on Onlineblog back in February about how Murdoch was changing his mind on the internet. It remains to be seen whether he "gets it", or if he can bring in people who do to change things.
