Rupert Murdoch's $50K MySpace
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The chairman's rent calls into question his ability to build a great company.
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The founder of MySpace.com parent  Intermix Media on Thursday said he is seeking a federal  investigation of the sale of Intermix to News Corp. last year,  claiming the deal defrauded shareholders by undervaluing the  Internet's most popular networking site.
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News Corp. will probably end subscription fees at WSJ.com and will open the MySpace social-networking website to developers in a push to add readers and advertisers, chairman Rupert Murdoch said.
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Slide, the maker of applications for social networks, has raised another round of funding Â $50 million from the private equity funds at Fidelity and T-Rowe Price.
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Spammers get T-shirt bazaar MySpace founder Chris DeWolfe has hinted the Murdoch-owned social network will bring in eBay to provide it with ecommerce features.â¦
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MySpace Comes to China Rupert Murdochâs News Corp intends to have another go at the China Market.  After leaving the Chinese TV Market in June this year New Media will be the next attempt. From the Financial Times: Rupert Murdoch said on Tuesday that his wife, Wendy Deng, was working with senior News Corp executives to help [...]
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MySpace is getting into the book business.
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MySpace.com, the social networking site owned by News Corp. , began to offer a mobile version of its service to users of Cingular Wireless LLC phones, making its biggest push to expand in the wireless market.
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RUPERT MURDOCH has sent his wife to China along with senior News Corp executives to try to win permission to launch the MySpace website in the country. Murdoch said he had sent Wendi Deng, who is technically not employed by News Corp, "because she understands the language".
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News Corp.'s Rupert Murdoch has been discussing a deal to swap his MySpace social-networking site with Yahoo for a one-quarter stake in the Internet-portal company, even as he pursues his $5 billion offer for Dow Jones.
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The former chairman of MySpace.com is  throwing his weight behind the ".tv" domain category, betting  that it will gain popularity as more users watch, create and  post videos online.
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Surging popularity of MySpace, eBay and LiveJournal fuels the photo-sharing site's success. In Monkey Bites.
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News Corp's  Fox Interactive  Media said on Monday it plans to launch advertising-supported  versions of its popular Internet social network MySpace and  other properties for free on cell phones.
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The founder of MySpace says his plan could increase the price of shares in Dow Jones to $100.
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The price tag for Facebook, the second-largest social-networking Web site, just keeps rising. But what does that mean for MySpace, which is the No. 1? Microsoft and others are said to be considering a minority investment in Facebook that would value the three-year-old company at more than $10 billion. At least one analyst, Vijay Jayant of [...].
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News Corp.'s MySpace.com is in talks to bring the social-networking site to China with Boston technology trade publisher International Data Group's Chinese venture arm and former China Netcom Group Corp. Chief Executive Edward Tian, the Wall Street Journal reported on its Web site on Friday.
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(InfoWorld) - News Corp. recently discussed swapping its MySpace social-networking site in exchange for a large stake in Yahoo, according to published reports. However, the status of the discussions remains uncertain because News Corp. made the proposal before Terry Semel resigned on Monday as Yahoo's chairman and CEO, according to reports published Wednesday by The New York Times and the U.K. Times. Both newspapers attributed the information to anonymous sources. The New York Times reported that News Corp. discussed with Yahoo the idea of giving up MySpace in exchange for a 25 percent stake in the Sunnyvale, California Internet giant. Meanwhile, the U.K. Times said News Corp. told Yahoo it wanted a 30-percent stake for MySpace. With Yahoo's market capitalization at $37.7 billion mid-morning Wednesday, the deal would put MySpace's value at between $9.4 billion and $11.3 billion. News Corp. bought MySpace along with other Internet properties for $580 million when it acquired Intermix MediaInc. in July 2005. The U.K. Times, which is owned by News Corp., reported that its parent company is interested in the Yahoo stake as a way to gain "exposure to a far larger Internet-based business." The New York Times characterized News Corp.'s overture as "informal" and as a "loose proposal" that hasn't generated "meaningful negotiations." The U.K. Times called the discussions "tentative" and potentially closed now that Yahoo co-founder Jerry Yang has become its CEO. Yahoo reportedlyÂ tried unsuccessfully to buyÂ social-networking site Facebook for $1 billion last year. In May of this year, the U.K.'s Sunday Telegraph reported that Yahoo had expressedÂ interest in buying social-networking site BeboÂ for the same amount. Yahoo executives have in the past year publicly acknowledged the company is weak in the social-networking space, ruled currently by MySpace. In the U.S., MySpace attracted almost 80 percent of all visits to social-networking sites in April, followed in a very distant second place by Facebook with 11.5 percent, according to Hitwise. Bebo came in third place with 1.3 percent of visits. Yahoo 360, the company's social-networking site, took seventh place with 0.71 percent. News Corp. declined to comment about Wednesday's reports. Yahoo didn't immediately respond to requests seeking comment. Â