Rupert Murdoch's media empire continues its turmoil after the announcement of COO Peter Chernin's departure. The newest player: Former AOL CEO Jon Miller, who's widely expected to take the top digital job there.
Bad days for MySpace CEO Chris DeWolfe: A tell-all book about the lowbrow social network's shady origins is hitting the shelves as a Wall Street analyst predicts layoffs. How long will he last?
Employees of Fox Entertainment Group, the News Corp. entity which includes most of the media conglomerates U.S. arms, recently got a peppy letter from septuagenarian CEO Rupert Murdoch and COO Peter Chernin. After lavishing Fox's movie and television units with praise — "record market share," "double digit profit…
News Corp.'s online arm, Fox Interactive Media, has struggled to attract online talent while paying them like a startup would. (News Corp. shares just don't cut it.) The solution for the unit, which includes MySpace and a passel of lesser-known websites: a long-term incentive plan, or LTIP, which offers a sort of…
Poor Yahoo can't even keep tenants at the Yahoo Center in Santa Monica — Fox Interactive Media will be moving all 2,000 of its Los Angeles-area employees to the as-yet-uncompleted Horizon at Playa Vista office park in Playa Del Rey. The deal, which Peter Levinsohn calls "the biggest deal in LA real estate in 25…
Somehow, Fox Interactive revenues dropped last quarter despite traffic to MySpace, the News Corp. Web unit's main property, growing. News Corp. chairman Peter Chernin offered three excuses:
Former Fox Interactive exec turned venture capitalist Ross Levinsohn only needs to finish the paperwork to become the biggest name on Microsoft's list of 10 nominees to replace Yahoo's board, TechCrunch reports and BoomTown confirms. The high-profile rubber-stamping position should suit Levinsohn's ego just fine.
Rupert Murdoch's new handpicked president of FIM Audience Network, Adam Bain, has the requisite big idea to save MySpace: an ad network which lets his salespeople sell ads all over the Web, not just on MySpace and other News Corp. sites.The idea is to take what MySpace has learned about its own users and share it…
Fox Interactive Media — the unit overseeing MySpace and other News Corp. online properties — will miss its fiscal-year revenue projections of $1 billion by more than 10 percent, or $100 million, the WSJ reports. As a result, Fox Interactive chief revenue officer Michael Barrett is out of a job. The big problem is…
MySpace is settling into its new San Francisco office space on Second Street near South Park, from the looks of this photo sent by a helpful inside spy. The building was a former startup incubator owned by LookSmart. No computer setups, yet, but note the size of the coffee machine. This should keep coders awake long…
News Corp will acquire Beliefnet, a portal for the spiritually inclined, FishbowlNY reports. Word from Silicon Alley Insider is that Peter Levinsohn, News Corp.'s Fox Interactive Media head honcho, didn't make the move. Instead, Fox Digital Media topper Dan Fawcett pulled the trigger. That group markets Fox movies…
After claiming in August that Fox Interactive Media — News Corp.'s Internet division, which includes MySpace — would generate revenue exceeding $1 billion next year, Rupert Murdoch has gently lowered expectations. News Corp. now says they will reach "about $1 billion" in Internet revenue in its 2008 fiscal year, which…
