So Rupert Murdoch bought MySpace. Or ratehr Newscorp bought Intermix
From today’s Variety
"HOLLYWOOD – Rupert Murdoch is spending over half a billion dollars to try to turn the Web’s most popular meeting place for teens and twentysomethings into a profitable part of his media empire.
In the first major deal for its newly formed Internet group, News Corp. is acquiring Intermix Media, parent company of social networking site MySpace, for approximately $580 million in cash."
The rest of the article just tries to explain what MySpace is
We’ll just have to wait and see what comes out of this.