FoxSpace: Media Consolidation or Rupert Buys A Clue?

NewsCorp Buys MySpace.

NewsCorp = Rupert Murdoch Media Triglomerate, parent company of Fox News, Star Wars, and the New York Post, among others.

MySpace = Social Networking (or Data Mining, depending on who you ask) site, with bloggish functions, a little bit of free music flowing, and a bunch of old friends who seem to have migrated from Friendster. I’m not sure who gets to declare which one of these sites is in style, but perhaps they’ve just gotten filthy stinking rich, as the Murdoch crew paid $580 Million for the parent company of MySpace.

Rupert Murdoch said this about the challenge the Web presents to newspapers in April 2005: “In the newspaper business it would be disastrous if it is not addressed…Success in the online world will beget greater success in the print medium. We can and must begin to assimilate to their culture.

Lots of people in the syndication/citizen journalism hip parts of the online journalism world wrote, at the time, about how wild and crazy it was that Murdoch was pushing movement away from the printed page. It seemed great…

…but there was that bit about assimilation…

[tags]fox, newscorp, myspace, rupert murdoch, borg[/tags]