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The Internet Businesses The Media

Fox to Purchase Myspace 317

Posted by Zonk from the murdoch-immediately-propositioned-for-cyber dept.
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.
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Fox to Purchase Myspace More

Fox to Purchase Myspace

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  • Fixed link (Score:2, Informative)

    by Anonymous Coward
    Click [bbc.co.uk]

  • linkage (Score:4, Informative)

    by UnderScan ( 470605 ) <jjp6893&netscape,net> on Tuesday July 19, 2005 @02:28PM (#13105516)
    http://news.bbc.co.uk/1/hi/business/4695495.stm [bbc.co.uk]

  • Nice job editors... (Score:3, Insightful)

    by Anonymous Coward on Tuesday July 19, 2005 @02:28PM (#13105518)
    Do you even READ these articles?

  • Fox owns me? (Score:3, Insightful)

    by krautcanman ( 609042 ) on Tuesday July 19, 2005 @02:28PM (#13105519)
    I typically don't have anything wrong with Fox, but to allow them access to my personal information? I don't think so...

  • ok... (Score:5, Funny)

    by rainmayun ( 842754 ) on Tuesday July 19, 2005 @02:29PM (#13105543)
    have the moderators been replaced by a drinking bird [drinkingbirds.com] that just clicks "Post"???

  • Why haven't I heard of the 5th most popular site? (Score:4, Interesting)

    by garcia ( 6573 ) * on Tuesday July 19, 2005 @02:29PM (#13105547)
    Proper link [bbc.co.uk]:

    It has bought Intermix Media, owner of Myspace.com, the fifth most-viewed internet domain in the US and owner of other sites for $580m.

    When I saw this on Google News this morning, 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.

    Why would other people be going to such a large site but not me? When I checked it out this morning I realized that it's nothing more than a "good looking" spam webportal.
    • 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:Why haven't I heard of the 5th most popular sit (Score:5, Insightful)

      by MrPerfekt ( 414248 ) on Tuesday July 19, 2005 @02:38PM (#13105677) Homepage Journal
      Perhaps you've not heard of the "Social Networking" catagory?

      The point is you have a large site with thousands and thousands of members and then have those members "mingle" with each other and prominately display their connections.

      Yes, it is a bit high school.. but the reason why it's the fifth most popular site: because it's huge among high schoolers.

      But it does serve it's purpose I guess. Now, if only they could a) afford decent programmers and b) stop loading the site up with flash animations that suck my cpu dry.
    • When I checked it out this morning I realized that it's nothing more than a "good looking" spam webportal.

      Wrong, it's a horrible looking spam social networking site that has all the lousy bits of livejournal, friendster, makeoutclub, and amihotornot.com. It's all the rage among college freshmen.

    • Netcraft (Score:4, Informative)

      by Kj0n ( 245572 ) on Tuesday July 19, 2005 @02:47PM (#13105799)
      According to Netcraft, the rank of MySpace.com is only 76 [netcraft.com].

      Number 1 [netcraft.com] is -- of course -- Google. Slashdot has rank 587 [netcraft.com].
    • MySpace apparently has a strong community for Indie music bands, and has a 'stickiness' quotient far higher than that of Friendster or other social networking sites. BW Link [businessweek.com]

    • Re:Why haven't I heard of the 5th most popular sit (Score:5, Informative)

      by dsands1 ( 183088 ) on Tuesday July 19, 2005 @03:10PM (#13106034)
      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.

    • 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 [netcraft.com]

      below more popular sites like Google, Yahoo, Amazon, eBay, PayPal, CNN, MSN, /. (at #35), IMDB, DSL Reports, Comcast, Fox News,

    • Because you're not hip and "with it".
  • And will MySpace become fair and balanced ? :-)

  • A new low for Slashdot editors (Score:4, Insightful)

    by mOoZik ( 698544 ) on Tuesday July 19, 2005 @02:29PM (#13105553) Homepage
    What the hell is it that you guys are responsible for, anyway? Obviously you don't check for dupes, spelling, grammar, relevance of links, and now, you don't even check to see whether or not the blurb even makes sense and if the links therein are functional! It's like watching the Roman Empire of tech/OSS sites crash and burn...

  • New /. poll (Score:4, Funny)

    by Anonymous Coward on Tuesday July 19, 2005 @02:30PM (#13105560)
    What was Zonk high on when he hit "submit"?

    1) Gasoline
    2) Glue
    3) Smack
    4) Everything
    5) Cowboy Neal

  • Nice post, Zonk! (Score:2, Insightful)

    by TopShelf ( 92521 )
    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."

    How do bad links get posted on the main page like this? Isn't the subscriber preview feature supposed to help weed out these things?

    Being a /. editor has got be t
  • Tom talks about the sale Here [crewcial.org]

    Apparently he's one rich dude now!

  • Rediculous (Score:2, Funny)

    by jambarama ( 784670 )
    If is isn't enough to publish dupes everyday, now BROKEN CODE made it onto the front page.

    Are you sure that Zonk checked this?

    It should read "News Corp announced on Monday that it [bbc.co.uk], owner of the popular MySpace.com [myspace.com] social networking site, for $580 million. [informationweek.com]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."

  • Slashdot to Not Improve Story Editing Standards (Score:5, Funny)

    by ravenspear ( 756059 ) on Tuesday July 19, 2005 @02:31PM (#13105574)
    News Corp announced on Monday that it , owner of the popular MySpace.com social networking site, for $580 million.

    CmdrTaco announced on Tuesday that he, founder of the popular Slashdot.org technology site, for the readability level.
    • Dear Editors,

      The hell what say you? Tell me you will.

      Signed,
      Yoda

    • They have been fixed. :)

      "CmdrTaco announced on Tuesday that he, founder of the popular Slashdot.org technology site, doesn't give a shit for the readability level."
    • In AD 2005, grammar was beginning...
      Taco: What, happen?
      Zonk: Somebody set up us the blurb!
      Timothy: We get POST.
      Taco: WHAT !
      Timothy: Main browser maximize on.
      Taco: Its yuo !
      jagger: How are you gentlemen !!
      jagger: All your grammar are belong to us.
      jagger: You are on the way to Webster's.
      Taco: What yuo text !!
      jagger: You have no skill to edit make your copy.
      jagger: LOLLOLLOLLOLLOL
      Timothy: Cmdr !!
      Taco: Take of everp 'Backspace' !!
      Taco: Yuo no what yuo typ'ing.
      Taco: Move ,Backspace'.
      Taco: For g

    • The sentence is correct, it just wasn't finished:

      News Corp announced on Monday that it , owner of the popular MySpace.com social networking site, for $580 million purchased 5,800,000 $100 coupons for spyware removal tools for all of its employees, their extended families and friends, when the improbability drive from the Heart of Gold [wikipedia.org] wizzed by News Corp's Think Tank, ripping a hole in the space time continuum of the CEO's brain.

      It was reported that hilarity ensued.

  • NEWS FLASH! (Score:2, Funny)

    by medix9 ( 897120 )
    Fair and Balanced hosting?
  • Well...I didn't know what to think of all this social networking when it first came out. I saw it as a "fun" little thing. Some catered to professionals, some to musicians, some to the people who just like to play on the web. I, along with many other people, simply saw it as a fad that wouldn't amount to anything. And now they're getting bought for loads of money? Are we going to have another dot com era?
  • $580 million? Are they insane? Yes, they are. It's not worth it. It never will be worth it. Ever.

  • Wow (Score:2, Insightful)

    by TFloore ( 27278 )
    There are so many things to say here. I'll start with

    This sentence no verb.

    But that's okay, I think it was missing an object too.

    This entire story is going to be nothing but well-deserved bashing of Slashdot editors.
    • This entire story is going to be nothing but well-deserved bashing of Slashdot editors.

      Until they fix it and the karma-whoring opportunities are gone.

  • here is my math (Score:5, Interesting)

    by Ex Machina ( 10710 ) <[moc.liamg] [ta] [smailliw.nahtanoj]> on Tuesday July 19, 2005 @02:35PM (#13105644) Homepage
    $580000000 / 22064129 profiles (lower bound set by the number of "friends" "tom" has)
    = $26.287010921664 / profile

    • FTA:
      "it has agreed to acquire Intermix Media Inc., which owns more than 30 e-commerce and media websites"

      So MySpace is only one of 30 e-commerce sites owned by the acquired company. It's not reasonable to assume that MySpace is worth $580 million by itself.

    • Yeah, and don't I feel stupid deleting that smug git "Tom" from my friends list* now that he's rolling around nekkid in $580m. Tom? Be my friend? Answer my emails Tom??

      (* he's added by default when you sign up)

      - Oisin
  • Do you remember the ending of the Marge driving an Suv [snpp.com] episode ?.

    Homer: [voice-over] I'd like to read the following statement, but I do so under ... [sound of gun cocking] ... my own free will.

    It has come to my attention that NBC sucks.

    I apologize for misleading you and urge you to watch as many Fox shows as possible.

    So in summary, NBC -- bad.
    Fox -- good.
    CBS great.

    [sound of gunshot, followed by a thud.]

    Anyway, the worst article ever. Bad links and I'll wait to see what Fox does

  • the one that didn't suck.

    I want the old CNN back too; back before they tried to out-Fox Faux News.

    Wah.
  • I've been working on an open source myspace style website called Appleseed [sourceforge.net] for a while now. Screenshots are available on the website. I'm planning on releasing the code soon.

    I've always been really annoyed with myspace. The coding errors, the bombardment of ads, that creepy "Tom" guy. But a lot of my friends were on it, so I made an account.

    I'm hoping that a distributed project like Appleseed would do a bit to take the carpet out from under the rug of things like MySpace and Friendster, which are as m

  • Just what we need.... (Score:3, Funny)

    by ramblin billy ( 856838 ) <defaultaddy@yahoo.com> on Tuesday July 19, 2005 @02:40PM (#13105704)

    Thank god! No more of that pesky decision process..."hmmmm, this website says homosexual behavior causes your teeth to fall out, makes you get bad gas mileage and condemns you to an eternity in hell, I wonder if I can trust it?"

    At last! A 'Fair and Balanced' portal!

    billy - hackers of the world unite! can you say 'foxse' ? i knew you could...

  • The Slashdot post (Score:2, Informative)

    by Evro ( 18923 ) *
    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!
  • It's only been like half a day since you posted the last dupe or incomprehensible post!

    Give the other editors a chance.

    (Use the Preview Button! Check those URLs!)
  • The rates on Fox are about to go up.

    The audience for this site may sound like an idea demographic, but not for paying for a site.
  • I had never heard of MySpace until, by coincidence, I read this story [kuro5hin.org] about the site yesterday. To hear that it was sold for millions of dollars surprised me, to say the least. I went to check it out yesterday and, while I didn't spend much time with it, it seemed there wasn't anything that could be done without signing up for a profile first! It hurts us, precious!

  • TOS excerpt (Score:5, Informative)

    by fahrvergnugen ( 228539 ) <fahrvNO@SPAMhotmail.com> on Tuesday July 19, 2005 @02:55PM (#13105892) Homepage
    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 (Score:3, Interesting)

      by blackmonday ( 607916 )
      This is going to be a problem for the thousands of bands (including mine) that uploaded 3 songs for myspace listeners to check out. They don't own our music.

    • Re:TOS excerpt (Score:3, Interesting)

      by chrisbro ( 207935 )
      Holy shit. Was this in the TOS all along? I don't personally care; I post no works on the site. But for the small-time musicians...am I correct in saying this was really not a big deal before, since MySpace didn't have any means of distributing the works they "own", but now that they have a media outlet behind them, they can use the works however they want AND have a good way to distribute and sell them? Please tell me I'm wrong on this one.

    • Re:TOS excerpt (Score:3, Interesting)

      by DustyShadow ( 691635 )
      They changed the Terms of Service today. Perhaps it was because of this post?? Perhaps commenting on Slashdot goes further than we think?? It's funny cause I posted a bulletin about it on myspace and they deleted it. I'm surprised they can read all of them...It now says:

      c. By posting any Content to the public areas of the Website, you hereby grant to MySpace.com the non-exclusive, fully paid, worldwide license to use, publicly perform and display such Content on the Website. This license will terminate
  • Now all Rupert needs to do is to figure out how to cut out the left side of the space.

  • 580,000,000 dollars (Score:2, Insightful)

    by RTSKABJ ( 899291 )
    how do they plan on making it back?
  • The cool part of the internet is when you buy X million profiles, there are still an infinite number left to buy - you own 0%. They are not a scare resource. I assume this will be a new addition to Fox Kids, since myspace is mostly K-12.

    This fad too shall pass, remember when dialup subscribers were worth something? MySpace is so last year, now it's all about the podcast.

    Podcast: n, 1. The voice of the person who cannot understand why noone cared about their webpage about their cat, the blog about their ca
  • because they want to make sure the 2020 republican presidential candidate wont have his myspace profile to come back and bite him in the ass.

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