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Murdoch Buys MySpace.com, etc. for $580 Million


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Defamer: "We could speculate about how the conglomerate is going to utilize the power of a social networking site as a new advertising platform for its various entertainment products, but we’ve been so excited waiting for Rupe to miraculously appear in our Friend Space that we’re spending our time preparing a welcoming Friend Comment instead. Here’s what we have so far: “This guy is one crazy mofo! LOL! We were doing tequila shots on the beach in Sydney when he waded into the water and bit a fukkin shark! Then he was all, ‘Take that, you toothy poofter, I am king of the goddamn ocean!’ RUPE IS THE BADDEST! Newz Korp 4-eva!” We think he’s really going to like it."

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SAN FRANCISCO (AP) -- There's a Fox in MySpace, and bloggers are squawking.

Nervous members of the wildly popular online social networking spot are blasting its purchase by Rupert Murdoch's News Corp., expressing dark fears about the powerful billionaire's alleged motives and the possibility of privacy breaches, monitoring, censorship -- and access fees.

"It's something we're very concerned about," said Scott Swiecki, 34, of Tempe Ariz., who's a member of the MySpace group "Faux News" as well as another group that combines the Murdoch name with an expletive. "There are a lot of counterculture people on MySpace. My concern is Fox will add fees and censor content."

News Corp. purchased Intermix Media Inc., the owner of MySpace, for $580 million last month, mainly so that Fox Interactive Media can reach the site's 22 million registered users.

MySpace, which launched just two years ago, is currently the most popular social networking site in the world. It makes it easy for people to customize their home pages with personal photos, art, color and music, along with market-revealing lists of favorite activities, books, music and films. Users can get site-wide bulletins, but they mostly communicate with friends or intriguing strangers they've expressly allowed into a network. Bands often use the site to debut their music.

http://biz.yahoo.com/ap/050802/fox_in_myspace.html?.v=5

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