News Corp. yesterday reported that Advertising sales on MySpace, the Web's No. 1 Social Network, surged 87 percent in the fourth quarter, "primarily due to revenue growth for search and advertising," the company said. Fox Interactive Media, the conglomerate's online division, is now on pace to reach $1 billion by the end of 2008. Operating profit showed exponential growth, up from $1 million in 2006 to $23 million in 2007.
Source: Business Week
Recommend this article...
Only registered users can write comments.Please login or register.
Powered by AkoComment Tweaked Special Edition v.1.4.6AkoComment © Copyright 2004 by Arthur Konze - www.mamboportal.comAll right reserved