Additional Information


Murdoch counting on $350m internet revenue in 2006

LONDON - News Corporation is expecting to make about $350m (£191m) this year from its global internet investments including, Rupert Murdoch has told investors in Australia.

Share this article

A News Corp spokesman also said that the company's internet revenues were likely to rise to almost $500m in the 12 months ending June 2007.

Murdoch's grab on the internet came in July 2005, when he set up a new unit, Fox Interactive Media, and acquired social networking site for $580m, followed by IGN Entertainment in October for $650m.

The UBS research note added that MySpace is expected to be launched in Japan by mid-September in a 50:50 joint venture with Japanese internet company Softbank.

In Ireland, however, MySpace and rival Bebo are to be banned from school computers from September, according to the Irish Independent. The reason given is the sites are too time-consuming for children, the newspaper was told by Jerome Morissey, the director of government agency the National Centre for Technology in Education which operates Ireland's schools broadband system.

If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the Forum.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed

Back to top ^