News Corp. said its Fox Interactive unit, which largely consists of MySpace, turned a profit of $10 million on revenue of $550 million for the fiscal year ending June 30.
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Viacom filed a complaint against Google's YouTube and it isn't pretty. Whether Viacom is looking for leverage, a test of copyright law or the end of YouTube isn't exactly clear.
The underpinnings of YouTube's business model may have taken a hit when Viacom ordered Google's video darling to pull 100,000 of its unauthorized clips. Viacom said in a statement: "It has become clear that YouTube is unwilling to come to a fair market agreement that would make Viacom content available to YouTube users.
MySpace's fiscal 2007 sales are on track to top $500 million with more growth to come in 2008, said News Corp. chief operating officer Peter Chernin.
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Is Joost old media's answer to YouTube?Viacom, just days after telling Google's YouTube to pull all of its content over copyright problems, is expected to announce a licensing deal with Internet video startup Joost.
Small user generated Web video companies such as Vimeo and Grouper can offer better performance than big players. That's one of the takeaways from a study by Web monitoring service Keynote.
Wal-Mart will offer Skype hardware and service throughout its 1,800 stores beginning today. The move, which could be a boon for growing Skype's subscriber count, means that Wal-Mart will carry headsets, webcams and handsets designed to work with Skype.
Yahoo has named Blake Jorgensen chief financial officer. The move comes as Susan Decker moves over to run Yahoo's advertiser and publisher group.
Updated below: Is Rupert Murdoch shrewd or what? Perhaps that MySpace acquisition wasn't a fluke.