Trade Round-Up: Rupert Murdoch Hearts The 'Net!

· Var: "Rupert Murdoch is really into the internet." Totally! Now that he's acquired MySpace, Murdoch is looking to continue moving boldly into the internet space. May we recommend an immediate purchase of [Variety]
· Production company Roaring Entertainment is suing ABC, Simon Cowell, and Freemantle Media claiming that their Million Dollar Idea was stolen. Actually, it should be a "tens of millions of dollars idea," since that's what the lawsuit is seeking in damages. [THR]
· Hey Dreamworks SpielbergKatzenbergGeffen, in your face! Sort-of stand-alone studio (did they have to mention that News Corp owns a chunk?) Regency Enterprises is thriving while you're hawking your wares to NBC Universal. [Variety]
· The Academy of Television Arts and Sciences gives ABC president Steve McPherson its inaugural "televisionary" award for his work to "advance the cause of diversity in the industry." We hope he doesn't bring Jim Belushi to the awards ceremony. No one wants an "incident." [THR]
· It's nice to see that Herbie: Fully Loaded director Angela Robinson wasn't so scarred by her experience with Linday Lohan that she quit the business. The Lohan-survivor will co-write and direct chick-becomes-cyborg action comedy Genbot for New Line. [Variety]
· There is much rejoicing at the Bing: HBO may tack on an additional 10 episodes to the end of The Sopranos' upcoming, final season. [THR