Tag: Fox Interactive
According to Red Herring's Tony Perkins: “He got raising money for another deal. So the chief operating officer Peter Chernin, who works for Rupert as his right hand man—when his kids aren’t running the place, called Ross into his office and said, ‘Is this true, that you’re raising this half a billion dollar roll-up fund?...And he [Chernin] goes, ‘Are you either in or your out?’ And he [Levinsohn] said, ‘Well, I guess I’m out.”
But...
According to ValleyWag's Nick Denton: Ross Levinsohn's one great achievement at Fox...
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Fox Interactive Media President Levinsohn will be replaced by his cousin, Peter Levinsohn, who is currently president of Fox Entertainment digital media.
Ross Levinsohn, whose deal-spotting savvy led him to convince News Corp. Chief Executive Rupert Murdoch to buy popular Internet social network MySpace and games Web network IGN Entertainment, will leave to pursue other ventures, he said in a statement.
Yahoo has been seeing soft ad sales in the last few weeks, but Fox Interactive Media isn't experiencing a similar downturn, said Ross Levinsohn, president of the division.
"We're certainly not seeing a slowdown," Levinsohn told the audience Monday, during a morning keynote address at the OMMA conference in New York.
Levinsohn also was bullish about user-created content, arguing that media companies must offer consumers a way to participate. "We've been thinking a lot about platforms," he said. "If you don't build something today ... with...
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MySpace could be worth around $15 billion within three years, measured in terms of the value created for shareholders of News Corp, a Wall Street media analyst forecast on Wednesday... Respekt!
RBC Capital analyst Jordan Rohan said he had come away from a meeting with Fox Interactive, the managers of MySpace, believing that "media investors may not fully appreciate what has already been done with MySpace or what may lie ahead."
"$15 billion in a few years? It is possible," Rohan wrote in a research note to clients.
Rohan based his...
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Twentieth Century Fox will start to sell movies including "X-Men: The Last Stand" and TV shows like "24" from Web sites owned by parent News Corp. in the company's first step in the online movie market.
Fox Interactive Media said it will begin to sell movies and shows on the Direct2Drive download site, owned by Fox's IGN Entertainment, by October. The programs can be viewed on personal computers as well as Windows portable media devices.
The programs will be made available for purchase from News Corp.'s popular online teen hangout...
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