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back to article MySpace vanishes $254m from News Corp coffers

Television and film continue to be News Corp's core area of sales growth, even as other aspects of Rupert Murdoch's empire – including recently-sold MySpace and scandal-ridden News International – unsurprisingly had a bumpy Q4. The company rolled out Murdoch at its conference call in New York to personally anoint the results (13 …

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Holmes

a loss, yes

but not a disaster. Why do you think newscorp offloaded myspace when they did? It was the last week of their tax year and they could claim that loss as a huge tax write off.

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Devil

MySpace

I suspect that whilst they've posted a loss over the book value of MySpace and the actual value he obtained for it, I suspect that over the years MySpace has garnered enough money to earn its keep, even as its market share was declining.

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Gold badge
Mushroom

"...octogenarian sponsor of Glee..."

Sod the phone hacking, that's worth a lifetime turning rocks into gravel with a sledgehammer all on its own.

Tanj I say.

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Alert

NEWS SHOCKER !!!

Rupert Murdoch and the word integrity in the same sentence!!

In other news a lion was seen asleep next to a lamb, tis the end times I'm telling ye.

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Coffee/keyboard

Re: NEWS SHOCKER !!!

"In other news a lion was seen asleep next to a lamb, tis the end times I'm telling ye."

Dogs, cats and mice in love orgy shocker!

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Meh

Ah the irony

NewsCorp presumably failed to recognise that monetizing social media depends on (ab)using the confidential personal data of lusers.

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Meh

bueller?

murdoch's a businessman,

he made a massive profit,

news of the world was 1% of his total business.

therefore he's well chuffed and the wife might get some aussie love tonight.....just picture it...

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Mushroom

How tragic

That is all.

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