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MySpace Bleeding Money; News Corp Promises 'Overhaul' Soon

The category of News Corp's business that includes MySpace lost $174 million in the fourth quarter, worse than the $136 million it lost in the same period last year, the parent company said on its earnings call this morning.

Senh: I wonder if more cuts are on the way, especially if the Google deal is significantly reduced. It's still the second largest social networking site on the web. Twitter, with all its hype, is still not making much money and lower traffic.

News Corp. unloads Beliefnet

News Corp. said Friday it has sold Beliefnet, a website it purchased three years ago that caters to a community seeking spiritual content based on a large number of religions and even atheism.

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Dow Jones Wants $10k Per Story From Briefing.com

So much for the $10 Web story. Dow Jones & Co. indicated to a federal judge Friday that it wanted roughly $10,000 per infringed article from financial information service Briefing.com to settle a suit accusing the Web-based company of swiping verbatim content minutes after publication.

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News Corp. Posts Lower Net, Higher Revenue

News Corp.'s profit fell 69% from a year earlier, which included big one-time gains, offsetting the success of "Avatar" and continued growth at the company's cable-television channels.

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MySpace looks to the past for its future

The social networking site plans to return to its roots by pushing entertainment content and jettisoning portal-like features. In a last-ditch effort to revive struggling MySpace, owner News Corp. has adopted a new strategy that it hopes will give the site's millions of users a reason to keep coming back.

My Take on the Flixster Acquisition of Rotten Tomatoes

Wed, 01/06/2010 - 12:58pm — senh

Like most, I originally thought News Corp was acquiring Flixster. Instead, it was Flixster acquiring Rotten Tomatoes. I think it's a great fit. Rotten Tomatoes's aggregated critics ratings combined with Flixster's user ratings, Rotten Tomatoes's premium content combined with Flixster's user-generated content. The combined audience of 30M worldwide uniques definitely puts them up there with Yahoo! Movies and Moviefone, the second and third largest movie sites on the web respectively. IMDB is number one, by far. And it's gonna be tough for Flixster/RT to surpass them. When you search for a movie or celebrity, IMDB is usually the first result on Google (and other search engines); and that's the main reason for its dramatic growth in the last couple years. If Flixster/RT can become a more authoritative source than IMDB and surpass its rankings in search engines, then it can become numero uno. If not, being number 2 ain't bad.

Flixster Acquires Rotten Tomatoes

Flixster just announced that it has acquired Rotten Tomatoes, the popular movie review site, from IGN Entertainment. IGN is a division of Rupert Murdoch's News Corporation.

News Analysis: Next Up on Cable TV, Higher Bill for Consumers

Fox’s deal for new payments from Time Warner Cable will bring higher fees, and it will not be the last time.

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Fox, Time Warner Cable announce broadcast deal

Football fans and "American Idol" devotees can breathe a sigh of relief. Fox and Time Warner Cable have reached a deal in principle that will keep the network on the cable provider after Fox threatened to pull the plug over a fee dispute....

Fox grants 'brief extension' in cable dispute

The nation's top broadcast regulator on Thursday urged Time Warner Cable and the Fox television network to agree to a temporary ...

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