Business Services Industry
Fox Interactive expected to keep leading the pack.
Australasian Business Intelligence, August, 2006
Byline: Robert Guy
Aug 09, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Global mass media company, News Corporation, foresees growth through its Fox Interactive Media business. News became serious about competing in the internet market in 2005. It paid $US1.2 billion for social portal, MySpace, and gaming site, IGN. MySpace signed its 100 millionth registered user on 8 August 2006. News has negotiated a $US900 million ($A1.2 billion) search and advertising deal with search engine, Google. News chairman, Rupert Murdoch, said that the deal meant that Fox Interactive would easily reach its forecast of revenue of $US500 million in 2007.
Publication Date: 10 August 2006
NEWS CORPORATION - ASX NWS
FOX INTERACTIVE MEDIA PTY...
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