...Mr Murdoch, who turned 74 last month, admitted it was hard for "digital immigrants" like him to get to grips with the challenge of the internet.
"The peculiar challenge then, is for us digital immigrants - many of whom are in positions to determine how news is assembled and disseminated - to apply a digital mindset to a set of challenges that we unfortunately have limited to no first-hand experience dealing with.
"We need to realise that the next generation of people accessing news and information, whether from newspapers or any other source, have a different set of expectations about the kind of news they will get, including when and how they will get it, where they will get it from, and who they will get it from."
He said consumers between the ages of 18-34 were increasingly using the web as their medium of choice for news and neglected more traditional media.
..."The data may show that young people aren't reading newspapers as much as their predecessors, but it doesn't show they don't want news. In fact, they want a lot of news, just faster news of a different kind and delivered in a different way."
He said he wanted to turns newspapers into "destinations" that rivalled the success of the internet portals, "the Yahoos, Googles, and MSNs".
"The challenge for us... is to create an internet presence that is compelling enough for users to make us their home page. Just as people traditionally started their day with coffee and the newspaper, in the future, our hope should be that for those who start their day online, it will be with coffee and our website."
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