Tag: News Corp
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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Word on the street is that the Toronto-based photo-sharing app Bubbleshare has been purchased by News Corp. ($5 million?) and will be incorporated into MySpace as a future feature.
Apparently the team has already moved to California to work on integration. We’re trying to confirm this now.
Brad Greenspan filed a lawsuit today in Federal District Court in Los Angeles thru his LiveUniverse company, accusing News Corp's MySpace of ramping up the practice of censoring MySpace users from using or even mentioning the name on their profile pages of products or websites that News Corp deems to be competitive or a source of information adverse to News Corp. The lawsuit makes use of the law in the United States to protect companies and consumers from the attempts by MySpace to illegally create a monopoly and extend its dominance of the...
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Valleywag's takes on Digg's dance:
Techcrunch is reporting that Digg is being shopped around to News Corp and other companies for a paltry $150 million dollars. Digg has been unable to control bandwidth cost or monetize the traffic, without a buyer they will enter Series B funding from Greylock Partners.
Brad Greenspan, one of the original founders of the MySpace universe, published a report that claims that News Corp.'s 2005 acquisition of MySpace may have defrauded shareholders by "more than $20 billion." Greenspan has requested further investigation by the Securities and Exchange Commission, the U.S. Department of Justice and the U.S. Senate Committee on Finance.
How was News Corp able to capture turn $327 million into $20 billion or more of value within a year? The Myspace/Intermix transaction was so low compared to other internet...
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News Corp. chief operating officer Peter Chernin told investors at an industry conference Tuesday that the media giant was considering creating a video component to its MySpace social networking Web site that could rival the wildly popular YouTube.
At the Merrill Lynch Media & Entertainment Conference in Pasadena, Calif., Tuesday, Chernin said that because most of YouTube’s traffic starts at MySpace, it may be time for the No. 1 social networking site to cut out the middle man.
“If you look at virtually any Web 2.0 application,...
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About four months ago Trent Lapinski was hired by an online publisher as a freelance journalist to write an article detailing the history and business model of MySpace.com. Due to groundless legal implications, the article he had written was no longer to be published. Here you have the article published by Nick Douglas @ Valleywag:
1. MySpace is NOT a viral success. MySpace was advertised on mass levels to reach the public. MySpace was created by a company named eUniverse (who later changed their name to Intermix Media). eUniverse was a...
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The acquisition would represent the latest attempt by Viacom to regain ground lost to Rupert Murdoch’s News Corporation in the social networking and user-generated content realm.
Viacom lost out to its rival in a bidding war last year for MySpace, now the world’s leading social networking site, when News Corp paid $580m (£304m) for the young company. The acquisition caused News Corp’s rivals to look again at the value of sites that allow users to share their own messages, photos, music and videos.
Viacom has approached Bebo but...
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Fox Interactive Media has entered into a nearly $1 billion, 3+ year deal with Google to exclusively power search across most Fox online sites, including Myspace. The partnership will begin in the fourth quarter of this year and extend though the second quarter of 2010.
Teams from Google and Fox say they have been working nonstop for five days to nail down the details on the deal, which was just signed early this morning.
This deal will significantly increase total revenue on Myspace, which is estimated to currently be generating about...
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A record-breaking heatwave which crippled power systems throughout California shut down MySpace.com for nearly 12 hours, starting on Sunday night.
The popular social-networking site, which recently topped Yahoo! Mail as the most-visited website in the US, was disabled entirely as of 18:40(PT) on Sunday.
The homepage was replaced by a placeholder with a message from MySpace founder Tom Anderson, who said the site was dealing with a power outage in its data centre. He cited the time as 18:40(PT) and estimated MySpace would "hopefully" be...
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