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News Corp Shuts Down Knewz Aggregation Site, Saying It Wasn’t Profitable

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variety.com
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Todd Spangler NY Digital EditorRupert Murdoch’s News Corp has killed of Knewz — its news-aggregation site that was a bid to challenge the likes of Google News and Facebook.News Corp has accused Google and Facebook of profiting off its publications’ content without compensation.

But in announcing the shutdown of Knewz a year and half after it launched, the media company acknowledged that the venture was simply unprofitable.“We started Knewz as an experiment in news aggregation because we wanted to gather a diverse range of quality journalism, to highlight of all sides of every story and to protect and project provenance,” a message on the site said Friday. “We certainly had provenance, but not profits, and so we bid Knewz farewell.

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