Business Services Industry
Fox's digital success refutes its doubters.
Australasian Business Intelligence, November, 2006
Byline: Robert Guy
Nov 09, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The growth of Fox Interactive Media (FIM) has rewarded the faith of mass media company, News Corporation. FIM is expected to break even in 2006-07. News is trying to emulate the success of its other ventures by turning its internet presence into a profitable content distribution platform. It needs to connect the growing number of users and advertisers. It has invested in the technological infrastructure of its social networking site, MySpace. It also has a $US900 million advertising deal with Google.
Publication Date: 10 November 2006
NEWS CORPORATION - ASX NWS
FOX INTERACTIVE MEDIA PTY LTD
MYSPACE
GOOGLE INCORPORATED
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