Quote:
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.
http://www.slate.com/id/2152264/ |
Myspace got a guaranteed 900 million from Google for search revenue to 2010 with possible upside if they make targets. News Corp bought the whole site for only 580million last year. Their bandwidth charges and overall expenses would be MUCH smaller than youtube.com.
http://www.ft.com/cms/s/17e8e67e-266...0779e2340.html