The News Corporation chairman made his comments in a speech called The Future of Newspapers: Moving Beyond Dead Trees.
In the speech, he accused journalists of taking "a perverse pleasure in ruminating on their pending demise".
He said: "Unlike the doom and gloomers, I believe that newspapers will reach new heights.
"Readers want what they've always wanted -- a source they can trust. That has always been the role of great newspapers in the past. And that role will make newspapers great in the future."
In the speech, he cited the examples of WSJ.com and Times Online as two good examples of News Corporation papers winning large online readerships but said they must recognise readers want the opportunity to choose the news they choose to receive and have it delivered in the way that they want.
The speech was recorded for the Australian Broadcasting Corporation and broadcast on national radio. It is one of a series of lectures recorded by prominent Australians.
Murdoch's News Corporation owns newspapers such as The Sun, The New York Post and The Australian. The company also owns online social networking site MySpace.
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