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In Facebook's New Revenue Plans, A Way Out For MySpace (NWS)

247Wallst | Mon, 02/02/2009 - 9:41am | dow jones, Facebook, Facebook profits, Fox movies, Fox TV, myspace, MySpace profits, News Corp, NWS, online profit, Rupert Murdoch, social network profits, Web 2.0 |  2 comments

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Rupert Murdoch's News Corp (NWS) has hit a rough patch as the recession erodes revenue at a number of his properties including Dow Jones and his other newspapers. The company's Fox movie and TV units could also be hurt. Murdoch has hoped that his online initiatives would take off and that new media would help drive the total revenue of the conglomerate up.
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