Rupert Murdoch Buys Blog Hosting Site MySpace

Rupert Murdoch Buys Blog Hosting Site MySpace

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News Corp is bolstering its newly-formed internet unit by spending $580 million on Intermix - the company behind free blog hosting provider myspace.com.

Intermix owns and runs about 40 websites but currently the best performer is myspace.com. Myspace is a blogging and networking site. It brought in 15.6m viewers in May, according to comscore Media Metrix. [...]

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