Barry Diller: 'Of Course People Will Pay for Content'

Joining News Corp. Chairman Rupert Murdoch, longtime Hollywood executive and Internet entrepreneur Barry Diller thinks the time has come for paid content.

Interviewed along with fellow Daily Beast co-founder Tina Brown, Diller tells CBS News anchor Katie Couric that the notion of free content began in the earliest days of the Internet and has persisted to this day. Some quotes:

“The Internet was started by tech people. …In the early period (there was) this mythology that the internet was free because the tech people couldn’t have cared less about content.

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