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| Murdoch sees MySpace miss targets | | Something about chickens and roosting
MySpace has missed its financial targets, showing that social networking is struggling to earn its keep - even as part of Rupert Murdoch’s globe-spanning media empire.
TheRegister [..] Read complete article |  | Published 08-May-2008 by Nerdblog in General
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| Back To The Future: News Corp. Launches A Weather Site (NWS) |  Way, way back in 2005, when News Corp execs decided they needed to be on the Internet, they drew up a short list of acquisition targets: MySpace/Intermix, IGN and WeatherBug. Rupert Murdoch ended up spending $1.3 billion or so on MySpace and IGN, of course, and that's worked out pretty darn well for him, even accounting for some stumbles. But he passed on WeatherBug, an astonishingly popular si [..] Read complete article | | Published 12-Jun-2008 by Silicon in General
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| News Corp. Blows MySpace Revenue Targets, Reorgs (NWS) | | News Corp.'s Fox Interactive Media group, which includes MySpace and other web sites, will miss the company's goals of $1 billion in revenue and $200 million in operating profit. FIM chief revenue officer Michael Barrett will leave and the company will reorg its sales team.
TechCrunch first reported the story late Thursday night, and says FIM will likely hit $900 million in revenue and w [..] Read complete article | | Published 04-Apr-2008 by Silicon in NWS
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News Corp.'s Fox Interactive Media group, which includes MySpace and other web sites, will miss the company's goals of $1 billion in revenue and $200 million in operating profit. FIM chief revenu [..] 
How's this for synergy: Rupert Murdoch's MySpace (NWS) has tapped daughter Elizabeth Murdoch's production company Shine Group to shop Web shows for TV syndication in overseas markets. Reuter [..] 
Remember Rupert Murdoch's interest in rolling MySpace/Fox Interactive into Yahoo (YHOO)? It hasn't gone away, Reuters reminds us.
That's not how Reuters' Ken Li plays it in his story, pub [..] 
ValueClick (VCLK) cratered this morning after it preannounced earnings and said it was going to miss not only Q2 but the remainder of the year because the ad market is tanking. Specifically, it sa [..] 
Google (GOOG) isn't shy about telling everyone what a bad deal its $900 million search pact with MySpace (NWS) turned out to be. The company basically laid its Q4 earnings miss o [..] 
Bad news for Rupert Murdoch: Goldman Sachs figures his Internet business is worth perhaps $3 billion -- about half the value he was trying to get for it earlier this year. The go [..] 
