Murdoch’s digital ambitions under threat

Rupert Murdoch’s digital ambitions had another embarrassing setback last week with the news that the chief executive of MySpace was to leave the company with immediate effect, after less than a year in office.

13th February, 2010

Rupert Murdoch’s digital ambitions had another embarrassing setback last week with the news that the chief executive of MySpace was to leave the company with immediate effect, after less than a year in office.

Murdoch’s News Corporation bought MySpace’s parent company, Intermix Media, for $580 million in July 2005.The purchase was the keystone of Murdoch’s strategy to establish his company at the centre of the new media revolution.

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