The Murdoch Touch

Is Rupert Murdoch to old to understand this "internet stuff"?  I don't think charging for access to his newscorp sites is a genius move.  There are way too many alternatives available for that kind of strategy to work.  Then I looked at Myspace traffic numbers after hearing that the CEO had been canned.  Myspace has seen a pretty dramatic drop in traffic over the last two years, according to Alexa estimates.  It's hard to know, without more research, what really caused this to happen.  My first thought?  Murdoch just doesn't get it.  Second?  Facebook has been hugely successful over the past few years, Myspace couldn't help but feel that as a drain.  Lastly I thought it's probably a bit of both.  Facebook has been huge but if Myspace were backed by someone that put real time and effort into innovating that product then it may well have fared differently.