For a media magnate whose empire first began to bubble in vats of newspaper ink, one might think launching the first of its kind iPad-only newspaper app would not be in their best interests. Unless, of course, the magnate is Rupert Murdoch of News Corp. whose vats runneth over ? and now with ones and…
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Take Myspace, please
For sale: Social network, recently renovated, barely used. $580 million OBO. In 2005, Rupert Murdoch’s News Corporation acquired the beleaguered Myspace for over half a billion dollars to complement a media empire comprising newspapers, a film studio and TV channels, including Fox News. News Corporation continued to spend millions on Myspace to capture a finicky…