NEW YORK (
) -- Rupert Murdoch's
e-reader business for an undisclosed fee, vowing to transform the publishing industry.
With its flexible screen, the
Skiff e-reader was showcased
by telco partner
at CES earlier this year, and has been touted as the next big thing in online newspaper publishing.
News Corp., which publishes the
Wall Street Journal
New York Post
, also announced that it had made an investment in
, an organization that helps newspapers and magazines collect revenue from online readers.
"Both Skiff and Journalism Online serve as key building blocks in our strategy to transform the publishing industry and ensure consumers will have continued access to the highest quality journalism," said Jon Miller, chief digital officer of News Corp., in a statement.
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The Skiff device, however, faces stiff competition in the e-reader space from
-- Reported by James Rogers in New York
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