Fox to Purchase Myspace

jagger writes "News Corp announced on Monday that it has bought Intermix Media, owner of the popular MySpace.com social networking site, for $580 million. This follows an announcement by News Corp on Friday that it is creating an Internet division to hold the company's sports, news and entertainment sites." Update: 07/19 2:40EDT by C :Sorry about the copy errors, folks. They have been fixed.

Comments

Fixed link

[Anonymous Coward]

Click

linkage

[UnderScan]

http://news.bbc.co.uk/1/hi/business/4695495.stm

Tom talks about the sale

[bunburyist]

Tom talks about the sale Here

Apparently he's one rich dude now!

What it SHOULD have said:

[griboyedov]

"News Corp announced on Monday that it was the new owner of the popular MySpace.com social networking site, paying $580 million for it. This follows an announcement by News Corp on Friday that it is creating an Internet division to hold the company's sports, news and entertainment sites."

Re:Why haven't I heard of the 5th most popular sit

[eln]

When I checked it out this morning I realized that it's nothing more than a "good looking" spam webportal.

It's basically a blogging site, not a "spam webportal." If you like blogging sites, you've probably heard of myspace, and might even have a personal "space" there. If you ignore all things blogging, you probably have never heard of myspace, or don't care about it either way.

Re:That garbage worth 580 million? (it's not php)

[Khyron]

Dude, that's unfair to PHP developers everywhere...

MySpace runs CFML, and always has. Specifically, today they runs their CFML application code on Blue Dragon, rather than ColdFusion for the increased scalability and compatibility with a .NET stack. Their leaders spoke at CFUnited a few weeks ago.

The Slashdot post

[Evro]

In the event it gets fixed, here's how Zonk's post looks as of 14:40 US EST:

jagger writes "a href="http://news.bbc.co.uk/1/hi/business/4695495. stm">News Corp announced on Monday that it , owner of the popular MySpace.com social networking site, for $580 million. This follows an announcement by News Corp on Friday that it is creating an Internet division to hold the company's sports, news and entertainment sites."

Good job, Zonk!

Re:Why haven't I heard of the 5th most popular sit

[Anonymous Coward]

Why would you call it bullshit just because you don't have a use for it?

Basically, it's a social networking site that's pretty easy to use. It also hosts music for smaller bands, and allow people to share photos of themselves. It lets normal people make web pages about themselves. Just think of all the people who want to make a web page, but don't know how.

Yeah, you may think that's lame, but why don't you try searching for some of your friends or old classmates by name there. You'll probably find at least one.

Netcraft

[Kj0n]

According to Netcraft, the rank of MySpace.com is only 76.

Number 1 is -- of course -- Google. Slashdot has rank 587.

TOS excerpt

[fahrvergnugen]

Hope you like giving away your hard-earned works for free to Fox: By posting Content on any public area of MySpace.com, you automatically grant as well as represent and warrant that you have the right to grant to MySpace.com, an irrevocable, perpetual, non-exclusive, fully paid, worldwide license to use, copy, perform, display, and distribute such information and content to MySpace.com and that MySpace.com has the right to prepare derivative works of, or incorporate into other works, such information and content, and to grant and authorize sublicenses of the foregoing.

Re:TOS excerpt

[SunCrushr]

IANAL, but as far as I can see, reading the MySpace TOS, this does not grant MySpace, or whoever owns them any rights to use your works in any way whatsoever. So you don't have to worry about MySpace stealing your music or photos.

What you are agreeing to is that you have the right to give them those rights to the content you are posting if they ask you for the rights. You don't have to give them those rights under any cercumstance, and you most certainly are not giving them any control rights over your copyright. You are simply stating that those rights are yours to give in the first place.

That way, you are agreeing that the content you are posting is basically yours to post, and you are taking responsibility if you don't have those rights and are breaking copyright. This way, MySpace can't get sued if you post someone else's works.

Re:Why haven't I heard of the 5th most popular sit

[dsands1]

I'd say it's more than just a good looking spam webportal. I'd classify it as the "have all, be all, end all of internet hook-up sites". In summary:

1. Broke up with my g/f of 4 years in Oct 2004
2. Spent a couple months just feeling sorry for myself and not dating at all
3. On the recommendation of a friend I set up a profile on myspace and started making "friends".
4. By mid-January 2005 I'd been on probably 8-10 dates, quite a few of which led to... intimate relations.

That's why people are going to the site.

Re:Why haven't I heard of the 5th most popular sit

[jcdill]

I was shocked to know that there was a domain out there that I have never visited yet it's the fifth most popular out there.

Maybe you haven't heard about this "5th most popular internet domain in the US" because it's not actually in 5th place (no surprise there!).

Netcraft rates www.myspace.com at 76th worldwide:

http://toolbar.netcraft.com/site_report?url=www.my space.com

below more popular sites like Google, Yahoo, Amazon, eBay, PayPal, CNN, MSN, /. (at #35), IMDB, DSL Reports, Comcast, Fox News, NY Times, etc. Here's a list of the Netcraft top 100:

http://toolbar.netcraft.com/stats/topsites?s=DA280 D988226E9C01B1D0E6F2491#76

jc