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MySpace buyout

For all you inferior people who use myspace (just kidding), your wonderful owner has been bought out by Fox. You now get to be a major advertising source for Fox. You know you want to switch to blogger, the grass really is greener on the other side.

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.

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posted by Edward Young @ 12:44 PM