News Corp Buys Intermix Media / Myspace.com for $580 Mill

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Bloomberg and Marketwatch report that News Corp. has agreed to acquire Intermix Media for a juicy $580 million in cash. This traditional media company has instantly doubled their on line ad views from 20 million to over 47 million unique visitors per month with this move, and is in a much better position to capitalize on the expected 15% growth in on line advertising versus the 2% expected in the traditional television market. If you can't beat 'em, join em! The biggest j ... (more)

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Last update: 08/04/2005

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News Corp Buys Intermix Media / Myspace.com for $580 Mill

audiotrails.com: - iPods, MP3s, podcasting - IT Training - Credit, finance, mortgages - Prescriptions, medical news - Home improvements