Wednesday, December 05, 2007

Murdoch Gets Religion - The Street

Murdoch Gets Religion - News & Analysis - Media - NWS - TWX: "News Corp. has found religion online. Rupert Murdoch's global media empire announced Tuesday that it has acquired Beliefnet, the largest faith and spirituality information site on the Web, for an undisclosed sum. Beliefnet will become part of Fox Digital Media, which consists mostly of News Corp.'s popular social networking site, MySpace. The move looks like part of News Corp.'s efforts to expand its vast media reach onto the Internet, where Wall Street sees the best growth opportunities for media conglomerates."


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