James Murdoch sees smaller role for newspapers

It is no longer brave, rash or insightful to suggest printed newspapers will play less of a role in the future. But it counts for something when the scion the world's largest newspaper company says so.

James Murdoch talks about being in "the business of ideas" and says journalism plays a role (phew!) but it won't be on the scale of News Corp's broadcasting and entertainment operations.

James Murdoch sees smaller role for newspapers.