Final leaks:
The Wall Street Journal reported on Friday that Rupert Murdoch, CEO of News Corp., said he is looking to reshape MySpace into an “entertainment portal.”
In the late-night bar at the Sun Valley Lodge, from which the press was banned, most of the discussions were around the issue of free versus paid content.
Television studio executives do not want to repeat the experience of their colleagues in the hard-hit newspaper and music businesses, and are worried that consumers will expect TV shows, movies and all professional programing to be free.
“The notion that there are synergies between content and distribution has been dispelled,” says Tuna Amobi, an equity analyst at Standard & Poor’s.
“You’re not going to see a Comcast Corp trying to merge with a Disney anymore.”
Facebook’s active users doubled in eight months to top 200 million in April and U.S. visitors to Twitter surged 83 percent that month over March, according to comScore.
Internet entrepreneur Marc Andreessen and others have criticized MySpace under News Corp for focusing too much on selling ads and not enough on innovation.
Via Reuters.
Tags: Comcast, Disney, Facebook, Free, Marc Andressen, News Corp., Pupert Murdoch, Standard & Poor’s, THE WALL STREET JOURNAL, Tuna Amobi, Twitter, conScore
