Adelaide, Australia - News Corp. (NYSE: NWS) chairman Rupert Murdoch, whose company is acquiring Dow Jones & Co. (NYSE: DJ), publisher of The Wall Street Journal, said on Tuesday that he intends to abandon the subscription model on the paper's website -- which recently hit a million subscribers -- in favor of a free, advertising-supported model, the Associated Press reported.

"We are studying it and we expect to make that free, and instead of having one million (subscribers), having at least 10 million-15 million in every corner of the earth," Murdoch said in a speech to shareholders.

News Corp.'s proposed $5.6 billion acquisition of Dow Jones and The Journal is expected to close in the fourth quarter; a special meeting of shareholders has been set for Dec. 13.

Related Links:
http://news.yahoo.com/s/ap/20071113/ap_on_hi_te/news_corp_outlook_3 (AP)