More NewsFox Expects $500M in Internet Revs in 2007

Fox Expects $500M in Internet Revs in 2007

Reuters reports that News Corp

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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