Fox buys MySpace for $580 million - GoFuckYourself.com

nnweb · 07-19-2005, 02:36 PM

article

News Corp, the company run by media mogul Rupert Murdoch, has made one of its first major internet purchases.

It has bought Intermix Media, owner of Myspace.com, the fifth most-viewed internet domain in the US and owner of other sites for $580m (£332.85m).

Mr Murdoch says the networking site will drive traffic to his Fox TV sites.

Last week the company set up a new internet unit. Mr Murdoch has said that newspapers have been slow to respond to competition from the internet.

Advertising advantage

"With a significant amount of advertising dollars moving from traditional outlets to online, News Corp, like most media companies, is looking to boost its internet assets," Alan Gould, an analyst at Natexis Bleichroeder, told Reuters.

The US market for internet advertising is growing at 15% in 2005, according to media buyers Universal McCann.

Myspace.com users connect to the site for dating, making friends, professional networking and sharing interests.

Earlier this year, New York State Attorney General Eliot Spitzer accused Intermix of deceptive business practices, including the use of spyware that delivered pop-up adverts and redirected users to its search engine.

Intermix agreed to pay $7.9m to settle the suit but did not admit wrongdoing.

Funky Bastard · 07-19-2005, 02:37 PM

where's that timeline pic when you need it?

Manowar · 07-19-2005, 02:38 PM

nice pay off for that dude who created it

sonofsam · 07-19-2005, 02:38 PM

Quote:

Originally Posted by Funky Bastard

where's that timeline pic when you need it?

shut the helll up idiot, this news isn't even that old.

go back to making an i have a ferrari thread and get caught when its a dealerships picture you were posting.

xenigo · 07-19-2005, 02:38 PM

Guess it's time for Fox to start warping the minds of the youth, because they can't reach them on Fox News. It's a sad world we live in.

Sam Granger · 07-19-2005, 02:39 PM

Lucky Lensman!

Hunter_ST · 07-19-2005, 02:39 PM

i sale short myspace

sherie · 07-19-2005, 02:40 PM

No need for the timeline pic...this is news to me. Fortunately, a lot of us cannot be on here 24/7....

And wow...I guess the stocks will start to fall ;))

axelcat · 07-19-2005, 02:51 PM

thats a lot of money

Vitasoy · 07-19-2005, 06:20 PM

Damn.. that's quite the pay off.

4Pics · 07-19-2005, 06:37 PM

wow, this is new, news!

pornstar2pac · 07-19-2005, 06:39 PM

Lars is the man!

Xenophage · 07-19-2005, 07:23 PM

Quote:

Originally Posted by pornstar2pac

Lars is the man!

I am happy

JD · 07-19-2005, 08:19 PM

i bet myspace stock just fucking skyrocketed!

AlisonAngel · 07-19-2005, 09:41 PM

holy shit Tom is a wealthy bastard! why didnt I come up with a website like that??????

uvort · 07-19-2005, 10:05 PM

Pretty unreal, get ready for the spam to begin! You know they are going to spam all of their TV websites.. I mean, they said that was the whole purpose of them buying it.

GweedZilla · 07-19-2005, 10:10 PM

Quote:

Originally Posted by sonofsam

shut the helll up idiot, this news isn't even that old.

go back to making an i have a ferrari thread and get caught when its a dealerships picture you were posting.

burned

07-19-2005, 02:36 PM	#1
nnweb Confirmed User Industry Role: Join Date: Apr 2004 Location: OC Posts: 720	Fox buys MySpace for $580 million article News Corp, the company run by media mogul Rupert Murdoch, has made one of its first major internet purchases. It has bought Intermix Media, owner of Myspace.com, the fifth most-viewed internet domain in the US and owner of other sites for $580m (£332.85m). Mr Murdoch says the networking site will drive traffic to his Fox TV sites. Last week the company set up a new internet unit. Mr Murdoch has said that newspapers have been slow to respond to competition from the internet. Advertising advantage "With a significant amount of advertising dollars moving from traditional outlets to online, News Corp, like most media companies, is looking to boost its internet assets," Alan Gould, an analyst at Natexis Bleichroeder, told Reuters. The US market for internet advertising is growing at 15% in 2005, according to media buyers Universal McCann. Myspace.com users connect to the site for dating, making friends, professional networking and sharing interests. Earlier this year, New York State Attorney General Eliot Spitzer accused Intermix of deceptive business practices, including the use of spyware that delivered pop-up adverts and redirected users to its search engine. Intermix agreed to pay $7.9m to settle the suit but did not admit wrongdoing.

07-19-2005, 02:39 PM	#6
Sam Granger Confirmed User Join Date: Dec 2004 Location: NL (Eindhoven), CZ(Prague), FR(Concarneau) Posts: 3,958	Lucky Lensman! __________________ [img]http://**************/sig/fhv3_j2_624x80_2.gif[/img] $35-40 Per Signup, 60-70% Rev Share, over 80 Sites, Exclusive Sites, tons of free content 14,000+ Free hosted Galleries, RSS feeds, Domain Hosting, Embedded Flash Movies Join Fetish Hits now! ICQ:** 358652230

07-19-2005, 02:39 PM	#7
Hunter_ST Confirmed User Join Date: Feb 2003 Location: Getting messy... Posts: 763	i sale short myspace __________________ Splosh Cash Wet and Messy Fetish Program I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me.

07-19-2005, 02:40 PM	#8
sherie Confirmed User Join Date: Feb 2002 Posts: 7,020	No need for the timeline pic...this is news to me. Fortunately, a lot of us cannot be on here 24/7.... And wow...I guess the stocks will start to fall ;)) __________________ AIM sherierocks ICQ 127-296-286 Skype traffichor

07-19-2005, 06:20 PM	#10
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	Damn.. that's quite the pay off. __________________ [email protected]

07-19-2005, 02:37 PM	#2
Funky Bastard So Fucking Banned Join Date: Nov 2004 Location: San Antonio, Texas Posts: 2,544	where's that timeline pic when you need it?

07-19-2005, 02:38 PM	#3
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	nice pay off for that dude who created it

07-19-2005, 02:38 PM	#5
xenigo Confirmed User Industry Role: Join Date: Jan 2001 Location: Oakland, CA Posts: 8,067	Guess it's time for Fox to start warping the minds of the youth, because they can't reach them on Fox News. It's a sad world we live in.

07-19-2005, 02:51 PM	#9
axelcat Adult Locals Join Date: Jun 2002 Location: West Coast Posts: 25,450	thats a lot of money

07-19-2005, 06:37 PM	#11
4Pics Confirmed User Industry Role: Join Date: Dec 2001 Posts: 7,952	wow, this is new, news!

07-19-2005, 06:39 PM	#12
pornstar2pac Omaha Hi/Lo Join Date: Nov 2003 Posts: 17,380	Lars is the man! __________________ Trump haters gonna hate. that's all they can do

07-19-2005, 08:19 PM	#14
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	i bet myspace stock just fucking skyrocketed!

07-19-2005, 09:41 PM	#15
AlisonAngel I have 6 credit cards, each buying 1 trial a day Join Date: Jun 2005 Posts: 53	holy shit Tom is a wealthy bastard! why didnt I come up with a website like that??????

07-19-2005, 10:05 PM	#16
uvort Confirmed User Join Date: Mar 2003 Location: Metalcash.com Posts: 3,580	Pretty unreal, get ready for the spam to begin! You know they are going to spam all of their TV websites.. I mean, they said that was the whole purpose of them buying it. __________________ See Sig. 199907143