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Fox Expects $500M in Internet Revs in 2007

  |  June 29, 2006   |  Comments

Reuters reports that News Corp. Chairman and CEO Rupert Murdoch is predicting Internet revenue at the company will rise to nearly $500 million in fiscal year 2007. The company, best known in the Internet space for last year's acquisition of MySpace for $580 million, is expected to bring in $350 million in Internet revenues in calendar year 2006. Not too shabby.

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ABOUT THE AUTHOR

Pamela Parker is a former managing editor of ClickZ News, Features, and Experts. She's been covering interactive advertising and marketing since the boom days of 1999, chronicling the dot-com crash and the subsequent rise of the medium. Before working at ClickZ, Parker was associate editor at @NY, a pioneering Web site and e-mail newsletter covering New York new media start-ups. Parker received a master's degree in journalism, with a concentration in new media, from Columbia University's Graduate School of Journalism.

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