Oh no you di-in't! News Corp exec says MySpace runs Web 2.0

A news site quotes News Corp COO Peter Chernin saying Flickr, YouTube, and all the other popular content-sharing sites from the last few years are just suckling at the MySpace teat.

"If you look at virtually any Web 2.0 application, whether its YouTube, whether it's Flicker [sic], whether it's Photobucket or any of the next-generation Web applications, almost all of them are really driven off the back of MySpace," Chernin said at the conference. "There's no reason why we can't build a parallel business."

Oh, a smackdown and a threat! Here's what to expect:

News Corp. May Launch YouTube Rival [MultiChannel]