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

Rupert Murdoch’s News Corp has killed off 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. Thank you to the millions of Knewz users who saw the value of the service and supported our mission.”

The site’s shutdown message also provides links to News Corp-owned publications, including the Wall Street Journal, the New York Post, MarketWatch — and, incongruously, and real estate site Mansion Global, which, of course, are not news sites.

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While it was in operation, Knewz pulled headlines from News Corp’s own stable of pubs (including the Journal) as well as from hundreds of third-party news orgs. Those included CNBC, CNN, Bloomberg, the Washington Post, the New York Times, NBC News and the New York Post, in addition to Murdoch’s Fox News.

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