Web world eyes MySpace

Rupert Murdoch, hailed as the smartest media executive when he bought MySpace, now faces questions over his next move in the digital world as the social network tries to fend off growing rival Facebook.

The News Corp chairman is set to take the stage at an Internet conference in San Francisco late on Wednesday with MySpace Chief Executive Chris DeWolfe at his side in a rare presentation by the preeminent media mogul to Silicon Valley.

MySpace, the largest online social network with about 110 million users globally, is expected to pull in the bulk of the anticipated $1 billion revenue for News Corp's Fox Interactive Media unit in fiscal 2008.

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- Posted: 2007-10-19 10:28:31

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