I suspect that what he'd really like to do (if only in his dreams) is put independent news search engines out of business and turn the Web into something akin to cable TV.
I'd love to see Google News made opt-out. Google could say: "We want to send Google News traffic only to sites that would like it and that can handle it, so any domain that wants to be included in Google News after February 1st needs to put <meta name="googlenews" content="yes"> in the code on its home page." I think you'd see a stampede of news publishers heading for the corner Meta Attributes Shop. They'd be elbowing each other out of the way to stock up on free "googlenews" tags.
Mind you, that's no more likely to happen than a lawsuit by Rupert Murdoch, because Google appears willing to defend both a legal principle ("fair use" in the form of abstracts, which have a long history in libraries and academia) and the most fundamental principle of the Web (citations with links). Murdoch just wants to take Google's money while muttering about a supposed crime that puts money in the victim's wallet instead of taking it out.