In the tangled web woven by media conglomerates and Web companies, MySpace which is owned by News Corp. under Fox Interactive Media has a partnership with news broadcaster MSNBC — the cable partnership between Microsoft and NBC. Fox News, another News Corp. property and direct MSNBC competitor, has now signed a deal with Facebook, which counts Microsoft as the lead investor. Admitting that Facebook is now leading MySpace in the social networking space, Fox News VP of development Joel Cheatwood told reporter Brian Stelter, "They also have a user that’s a little older and a little more sophisticated." Enough with the diplomatic double-speak, Cheatwood — tell us what you really think.

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