Peter Kafka at Mediamemo is reporting that News Corp. is investing in a colour Kindle-like device. Here is what Rupert Murdoch is reported as saying during a Q&A session at a cable industry conference in Thursday, talking about the Amazon Kindle:
We need new models. The first inkling of it is the Kindle. You can get the whole paper there. And you can get the whole of The Wall Street Journal on your BlackBerry. We’re investing in a new device that has a bigger screen, four-color, and you can get everything there.
The Kindle is changing the way people read and buy books in the US. At some point similar technology will disrupt the purchase and distribution of newspapers and maagzines.
UPDATE: The Australian covered this story as well.
I can see a day where News will give you one of these devices for free if you subscribe to their ebook version of the paper, similar to how mobile phones are free on a plan. Newsagents will have problems then.