[igorsk]

Some more quotes:

The media mogul said that, in the future, he expects consumers to read news on portable, electronic devices rather than on the printed page, but he reiterated his dissatisfaction with the company's distribution agreement with Amazon Inc.'s (AMZN) Kindle reading device.

"We're not altogether happy with it, and I don't think [the Kindle] a good experience for reading news," he said, citing navigation problems. "The Kindle is a wonderful machine for reading books."

Murdoch said the new version of Sony Corp.'s (SNE) reading device, which will be released soon, offers a better experience.

"That is good, and we have very good terms there," Murdoch said. "We'll do everything we can to drive that one."

Murdoch said he personally did not enjoy reading a newspaper on the Kindle but e-readers were the future of newspapers.

"Every high-tech company in the world -- from Fuji to Hewlett-Packard to Sony to whoever -- are working in their labs on trying to find e-readers for newspapers," he said, while pointing to problems with developing electronic inks and using lightweight, supple and non-breakable plastic.

"I don't think it's months away, I think it's years away," he said of completing a satisfactory e-reader.