News Corp undecided on making WSJ.com free

NEW YORK Wed Aug 8, 2007 5:42pm EDT

1 of 3. Rupert Murdoch, chairman and CEO of News Corporation, takes part in the 'Global Overview' panel discussion during the 10th Milken Institute Global Conference in Beverly Hills, April 24, 2007. Murdoch said on Wednesday that the company is looking closely at granting free access to The Wall Street Journal's Web site, but has not decided yet.

Credit: Reuters/Fred Prouser

NEW YORK (Reuters) - News Corp chief Rupert Murdoch said on Wednesday that the company is looking closely at granting free access to The Wall Street Journal's Web site, but has not decided yet.

"It would be a very expensive thing to do in the short term," Murdoch told analysts on a telephone conference call to discuss News Corp's quarterly earnings. "In the long term, it may be a wonderful thing to do, but we're looking at it very closely."

News Corp. is acquiring the Journal as part of its $5.6 billion purchase of Dow Jones & Co. Inc.

(Reporting by Robert MacMillan)