Wednesday, April 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Enjoys High First-quarter Revenue
Qualcomm Reports Less Than Expected 2Q Revenue
iPhone Sales Drive Apple's Record March Quarter Revenue
Travelling Through Time On Updated Google Maps
OnePlus One To Launch Next Month
LG Display Reports First Quarter Results
Toshiba Announces Canvio AeroMobile Wireless SSD
Global Chip Revenue Rises in 2013
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Murdoch...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, August 15, 2005
Murdoch casts his net over online search


News Corp is in talks to buy a stake in an unnamed search engine as part of its plan to create a major portal and expand on the internet.

This is what chief executive Rupert Murdoch said this week.

"We are in advanced negotiations to buy a controlling interest in what we think is a wonderful search engine" but that has an "insignificant price", Murdoch said during a profits conference call with analysts on Wednesday.

The company is embarking on a major expansion on the internet aimed at coalescing its online properties around a main portal based on the assets of Fox Interactive Media, he said. Of the internet expansion, Murdoch said: "There is no greater priority for the company today."

News Corp has planned to spend about $2bn on internet acquisitions, including the $580m it agreed to pay to buy Intermix Media, which owns MySpace.com, and $60m it is paying for sports website owner Scout Media, according to Murdoch.

Murdoch said he doesn't see the future News Corp portal competing much with search giant Google, and that it's more likely to compete with Yahoo!, although he added: "I don't see why we can't live side by side with them."

AOL is also in the process of reinventing itself as a free portal, opening up its Time Warner content that was previously walled off to subscribers and banking on the surging demand for broadband access.

A News Corp spokesman did not immediately return a call seeking comment on Friday.

On Wednesday, the company beat analyst estimates by posting fourth-quarter profit of 23 cents per share and revenue of $6.1bn.


Previous
Next
Increased demand for 8cm DVD-R's send European and Japanese media makers profits sky high        All News        IBM Donates Code to Firefox
New Internet worm affects Windows users - Trend Micro     General Computing News      IBM Donates Code to Firefox

Source Link Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .