Amid all the throwaway lines and bullish spin, Rupert Murdoch and his executives always bury some truths in their comments about quarterly profits. Yesterday’s quarterly profit announcement was no exception.
MySpace
MySpace and Facebook to team up?
Facebook has well and truly bested MySpace in the social networking game, but MySpace still has one ace up its sleeve: music and entertainment. Instead of competing, the two are apparently putting their differences aside to share content across the two networks.
MySpace surrenders to Facebook
MySpace has officially given up in its battle for social media supremacy with Facebook, the the company’s CEO now claiming it is far more interested in becoming “an online hub for music and entertainment.”
MySpace is now worthless
A few years ago, Rupert Murdoch purchased buzzing social network site MySpace for the bargain basement price of $580 million. How much is it worth these days? Next to nothing, estimates Henry Blodget.
Rocking Turnbull and ballad boy Rudd: the tunes that lead the nation
What music do Australia’s top pollies get down to? Classy Kevin Rudd is a crooners fan, Malcolm Turnbull plays the cool kid and teeny bopper Joe Hockey is, gulp, a Delta Goodrem fan.
The most important speech of James Murdoch’s career
James Murdoch is to deliver one of the most crucial British lectures on the media industry, the MacTaggart Lecture. It will be 20 years after his dad Rupert Murdoch made the same lecture. How similar are their views?
Charging for content won’t save Rupert Murdoch
If Rupert Murdoch reckons charging people to get information from News Corp websites is going to repair his balance sheet, then at 78 years of age, maybe he needs a good cup of tea and a lie down.
News Corp posts $3.4b loss
Rupert Murdoch’s News Corp has reported a 4th quarter loss, with slumping ad sales, the decreasing popularity of Myspace and a “weak economic environment” hitting the company hard.
The new MySpace?
MySpace is bad enough that it was likely that someone was going to come up with a better mousetrap and maybe that’s what Bandcamp is, says Tim Dunlop.
Myspace unfriends 400
MySpace has laid off 400 employees as marketing revenue falls and Facebook takes the lead in the social networking stakes.
Murdoch’s MySpace mistake
Rupert Murdoch paid $580 million for MySpace in 2005, but only four years later, the social networking site has been usurped by the likes of Facebook and Twitter, and faces plunging ad revenue and massive staff layoffs.
Massive lay-offs at MySpace
Inside sources say MySpace may be preparing to lay-off at least 25% of their staff.
KFC searches for a new face
Apparently the image of an old dead Southern businessman just isn’t cutting it for the fast-food giant, so KFC have taken to MySpace to find the new “face” of greasy chicken.
Murdoch’s secret plan to charge for content
Murdoch has gobbled up many media assets in recent times — from the Wall Street Journal to MySpace, writes Stryker McGuire. Now it turns out, he’s got bigger plan for them. Cue evil laughter.
Web services drained by unprofitable third world countries
Sites like YouTube and Facebook are seeing unprecendent growth in the developing world, but these countries drain their servers and generate little ad revenue. What is the socially minded Web2.0 to do?
The week in geek: MySpace accepts the fish Facebook rejects
Former Facebook COO is poised to become the new CEO of rival MySpace, a controvertial iPhone app shakes a stir, and the Pirate Bay trial could sail again.
Media briefs: Canwest and Independent win breathing space on debt
Canwest Global and Independent News and Media have been given more time to repay debt, Nine has a non-exclusive, and could this be the end of MySpace Tom?
Merger what merger? The LNP vanishes online
The rest of us might be limbering up for Web 3.0 but our parliamentarians are blogging like its 1999, write Bernard Keane and Chris Mundy.
Corey — it begins…
The police may have cut off the media’s access to their favourite poster boy, but plenty of Corey Worthington Delaney material has sprung up to fill the vacuum.
Razer: Election 2.0? Ctrl+alt+del
Weeks ago in a grandiose humour, some foolish bint predicted that Election 07 would be shaped by the evolved hand of the digital native. That was me. Sorry. I was wrong. Wrong like Wikipedia, writes Helen Razer.
Facebook: advertisers’ dream becomes a reality
Once upon a time when people came together it was likely to be in a civic space – a common, park or town hall. Then came the shopping malls, which provided air conditioned meeting places, so long as you didn’t mind being bombarded with commercial messages. Now we have social networking online.
The real, sad story behind the Quah photos
Questions still remain: Why did Quah take these photos, and who did he give them to? Who has betrayed Andrew Quah and introduced him to the pain of international humiliation? Cam Smith has the answers.
2007: The (second) last TV election
The next time someone says we’re experiencing Australia’s “first Internet election” or our “first YouTube election”, slap them. Slap them very hard, writes Stilgherrian.
