Murdoch Says News Corp. Kindle-Like Device ‘Isn’t Likely’: ‘We’ll Be Absolutely Neutral’

In the latest round of will he-won't he, Rupert Murdoch told his own Fox Business Network not to expect a Kindle-like device from News Corp (NYSE: NWS). Speaking in Sun Valley, where he is participating in the Allen & Co. conference, Murdoch said: "I don't think that's likely. We're looking and talking to a lot of laboratories and big companies around the world, like Sony (NYSE: SNE) and Samsung. We're all working on wireless readers for books or newspapers or for magazines.  I think they're a year or two away being marketed in a mass way, high quality ones, and we'll be absolutely neutral. We're happy to have our products distributed over any device provided it's only going to subscribers paying for it."

bearish."

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