Rupert Murdoch and his family own almost 30% of News Corp
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.
source/full story: http://news.bbc.co.uk/1/hi/business/4695495.stm
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.
source/full story: http://news.bbc.co.uk/1/hi/business/4695495.stm