[NetBehaviour] News Corp in $580m internet buy
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
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