US journalists became self-indulgent, says Murdoch

I am not done with the Murdoch visit to India yet. Always looking for telling quotes from the man, whose furrowed forehead and creased smile attracts me as much as his insights into the business.
Here is my takeaway quote from the visit:

Newspapers in America became
monopolistic. Proprietors became lazy, and journalists became self-indulgent because they were writing for each other and lost touch with the public.

Full interview story from CNBC -TV 18 here