What a wonderful example of someone else who's past their sell by date!
This will cut off the flow of new readers (assuming his papers do actually draw in new readers) and slowly strangle his media income.
Advertisers will drop off because of the lower traffic volumes – it's just going to be a steady downwards spiral.
The man's off his head – but I bet it will never happen.
I'm sure someone at news corp lives in the current world.