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Another Loss for News Corp

Discussion in 'General Business & Finance Discussions' started by LPH, Oct 16, 2012.

  1. LPH

    LPH Flight Director Flight Instructor

    Likes Received:
    According to Venture Beat, News Corp is selling off IGN Network. News Corp purchased the network for $650-million dollars.

    This is News Corporations section mess up - with the loss after buying then selling MySpace.

    Here is the reality - that many corporate board members do not understand about the internet - websites are generally a personality driven site. If that person or personality is changed then the traffic drops. Consider AOL buying all the tech blogs - only to have traffic drop because the main writers leave after the sale.

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