Rupert Murdoch’s News Corporation has finally sold its ailing social networking site MySpace to online advertising firm Specific Media, with pop star and actor Justin Timberlake having a stake in the business and set to play a major role in developing the creative direction and strategy for the company. News Corp paid $580m for MySpace in 2005, but users and …
Empire expansion
Rupert Murdoch’s News Corporation has been given UK government approval for its controversial takeover of BSkyB following the media magnate’s offer to make Sky News an independent company to try and diffuse concerns about the concentration of media outlets in the hands of one organisation. Murdoch already owns, amongst other things, the Sun, the News of the World, the Times …
News media
Media magnate Rupert Murdoch, head of the News Corporation, is now prepared to remove his content from the Google’s search index within months as he continues down the path to ‘pay to read’ news. He is convinced that this is the way forward in order for such news sites to provide first class journalism, employ staff in far-flung outposts and …