Murdoch sees newspapers evolving -- not dead

Rupert Murdoch is brilliant as ever.
I like the simplicity with which he brings out the strategy he pursues. Mr. Murdoch says newspapers are not dead, and with a subtle sense of humour (which I suspect may not be his own -- but then I could be wrong) shows how the Internet could be an opportunity for newspapers.
And more important, he lays down the limits of bloggers. Now, I have spoken a lot about micropublishing, nanopublishing and blogging in separate lights, and this kind of confirms my views.
Murdoch made his views known in an industry address. Here is the story.