News Corporation buys an e-reader manufacturer

Could this be the future of the newspaper? Rupert Murdoch has said before that the newspaper of the future will be electronic and will also update every hour or so.

Is this the first step to the realization of his vision?

Perhaps, for today News Corporation has purchased a fledgling young startup, named Skiff, that makes e-readers designed specifically for the newspaper market.
[See a Guardian article on the sale]