Tuesday, May 02, 2006

Shape of things to come.

Should have been "This just in (19)", but this has deeper implications, I think.

Yes, Fox Snaps Up More Web 2.0 according to Nicholas Carlson .

"[The] News Corporation who bought Myspace.com for $580 million in 2004 dipped back into its $2 billion war chest to buy Newroo (realtime news aggregator) and kSolo.com (the ultimate karaoke experience), two sites that specialize in user-generated content."

"Big numbers are floating around because old media has big fears about its future. The desirable 18-34 year-old market is moving online for its entertainment and advertisers are following. Last year, Internet ad revenues went up 30 percent. (emphasis supplied). "

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