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Hollywood Reporter Interview: Rupert Murdoch on MySpace

Authored by Mark Hefflinger on July 25, 2006 - 1:06pm.
Los Angeles - The Hollywood Reporter on Tuesday featured an interview with News Corporation chairman and CEO Rupert Murdoch, part of which focuses on the company's recent $580 million acquisition of social networking site MySpace.com. Murdoch said the speed of MySpace's growth has been his biggest surprise. "It has had no marketing. Not a penny has been spent marketing it before or after the purchase, and it just grows faster and faster every week. Now we're taking it out to other countries," Murdoch told THR. "It will be a little bit different in each country. The English-speaking world will be easy. We will have to think about going with a slightly different model or architecture in Japan or Germany or some other countries. It will be driven by exactly the same principles. Young people are the same everywhere. They are curious. They want to take control of things. They want to live in their own world," added Murdoch.

http://tinyurl.com/n3get (Hollywood Reporter)
tags: Internet | Social Networking | MySpace | Investing | FIM | News Corp. | Interviews | Rupert Murdoch |



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