Asita Recordings

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Monday, July 18, 2005

Rupert Murdoch buys myspace.com

Rupert Murdoch's communications empire buys out everyones favorite online community.

Tom of myspace.com "fame" is now 518 million dollars richer, thanks to Rupert Murdoch.

Read about the sale here

In related news:



I highly recommend the movie "Outfoxed" if you are interested in Murdoch's business practices. The movie focuses on the power of the media, and specifically Fox News, as a central cog in the propaganda machine.

Outfoxed examines how media empires, led by Rupert Murdoch's Fox News, have been running a "race to the bottom" in television news. This film provides an in-depth look at Fox News and the dangers of ever-enlarging corporations taking control of the public's right to know. The film explores Murdoch's burgeoning kingdom and the impact on society when a broad swath of media is controlled by one person."

Bonus fact: Murdoch's son, James, went on to form a small label by the name of Rawkus in 1996

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