Originally Posted by dullspace

MySpace turns a profit not enough to justify the purchase cost by News Corp. There's no doubt they underpaid for MySpace, but the value isn't mainly in the ad revenue.

YouTube has yet to turn a profit and until it's sale was being kept alive by venture firms, primarily from the Bay Area I think.

And to those of you shouting all this uninformed crap about YouTube's inevitable impending lawsuit: it's not going to happen. A lot of the media is doesn't know what they were talking about and propagated this myth pretty fast. The guys and gals at Google aren't big idiots and wouldn't get themselves into that kind of trouble. This article should help explain why: http://www.slate.com/id/2152264/