[NetBehaviour] News Corp in $580m internet buy

marc marc.garrett at furtherfield.org
Wed Jul 20 12:33:55 CEST 2005


*News Corp in $580m internet buy*

News Corp, the company run by media mogul Rupert Murdoch, has made one 
of its first major internet purchases. It has bought Intermix Media, 
owner of Myspace.com, the fifth most-viewed internet domain in the US 
and owner of other sites for $580m (£332.85m).

Mr Murdoch says the networking site will drive traffic to his Fox TV 
sites. Last week the company set up a new internet unit. Mr Murdoch has 
said that newspapers have been slow to respond to competition from the 
internet.

more...
http://news.bbc.co.uk/1/hi/business/4695495.stm
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