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News Corp. Has E-Book Epiphany

Stock quotes in this article: NWS , AMZN , AAPL , NYT , GOOG , YHOO , SNE , BKS  

Amazon's (AMZN Quote) Kindle lit a fire that's now swept up News Corp. (NWS Quote).

Rupert Murdoch, chairman of News Corp., which owns media outlets like The Wall Street Journal, New York Post and MySpace, said the company is exploring a wireless e-book device strategy with manufacturers for a product similar to the Kindle, according to reports by Reuters and Bloomberg.

Like the fading music industry, the news business needs its own iPod moment to move into the digital age, wrote New York Times (NYT Quote) Media columnist David Carr about four years ago. ...

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