Excerpt from this article in which Murdoch speaks about government involvement in journalism:

“As for the government stepping in [to journalism], Murdoch said he feared, and others should to, the growing drumbeat for government assistance should be as alarming as overregulation. That includes providing taxpayer funds for journalism or giving them nonprofit status in exchange for giving up the right to endorse political candidates.

He said that would only prop up those who produce what customers don’t want, subsidizing failure and penalizing success. He said that government inserting itself into commercial journalism should be “chilling” to anyone concerned about the First Amendment.”