News Corp is the multi-billion dollar media company owned by Rupert Murdoch. News Corp’s full year operating income for year ended June 30th 2005, rose 22% to a record $3.6 billion according to their latest earnings release.
News Corp., the fourth-largest media company, is in talks to buy a controlling interest in an Internet search engine as the company seeks to build advertising sales on the Web.
The investment would be in â€œwhat we think is a wonderful search engine,â€? News Corp. Chief Executive Rupert Murdoch, 74, said yesterday on a conference call with analysts after the company announced earnings. Murdoch said the price will be â€œinsignificant’â€? and declined to identify the business.
Jeremy goes on to say:
This is part of a $2 billion push in into the Internet, which seems to centre on plans for
a site featuring a search engine and links to Web pages focusing on News Corp.’s movie, television and sports businesses, Murdoch said. â€œWe already have the assets to be a dominant player on the Web,â€? Murdoch said.
That sounds horribly like a portal of old, to me. I do hope Murdoch gets the Internet, and isnâ€™t just grabbing it.
News Corp., Bloomberg says, has bought Intermix Media Inc. for $580 million, owner of the Web sites Flowgo.Com and My Space.com, and has also recently purchased Australian real estate Web site Real Estate.com.au for $92 million, and Scout Media Inc., a Seattle-based owner of 200 sports Web sits and 47 magazines for about $60 million.
Then I read on Scoble’s site that there is a rumour that Technorati is about to be sold.
Mind you, Scoble is referencing BL Ochman who thinks Technorati will be sold to a search engine – possibly even Yahoo! (or Google as some of her commenters are guessing)!
Watch this space!
A Texan AI called Egor came to the conclusion that Murdoch is buying Technorati as well (I’m not sure I’m altogether happy that an AI came to the same conclusion as me!).
I see Jeff Jarvis is now saying the rumours of a sale are untrue