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Originally posted by LiquidLight
I don't think the internet as we know it is going anywhere. As long as people can hook their computers together, then the internet is alive. As for corporate media website, they may go the way of the dodo, but I doubt anyone will notice.
MySpace is regarded as one of Rupert Murdoch’s savviest buys. But the likelihood that the site, owned by the News Corporation, will renew its lucrative advertising contract with Google is dimming as it falls behind fast-growing Facebook, Breakingviews says.
That, it says, explains why a MySpace co-founder was replaced by a former Facebook executive last week.
Mr. Murdoch still looks savvy, the publication argues. He bought the social networking site for $580 million in 2005. It has brought in $1.6 billion in revenue since and earned some $200 million last year alone. But the bulk of that comes from the $900 million Google guarantees in revenue every year. That comes up for renewal next year and the odds of Google replicating its terms are slim, Breakingviews says.
The pact was signed at the height of the interest in Web 2.0. Google has since acknowledged the difficulty of generating revenue from social network advertising, the publication notes.
Originally posted by DimensionalDetective
Interesting comments coming from one of the biggest leaguers of corpo-media rule...
Following senator Rockefeller's chilling innuendo's here:
I can't say I would be the least bit surprised if the corpo media giants are figuring out a way to phase out the net as we know it into a new, tightly controlled version, i.e. "internet 2" where access to data becomes limited or PAY ONLY to get info other than the kool-aid brain-washing garbage spewed out by the likes of Murdoch's and other Elitists networks...
Another one to keep an eye on---They are busy scheming people...
(visit the link for the full news article)
Originally posted by kawz1
No need to worry folks. Murdoch and News Corp don't know a damn thing when it comes to the web. They are stuck in their "traditional media" states of mind. WSJ online does well because they are a niche periodical with a long tradition. General news will never attract a large enough audience in a pay-format.
They bought/overpaid for MySpace, thinking that they would be able to flip it into a billion dollar business. For whatever reason, they do not understand some of the principles of online advertising.
If FOX only grants paid members to access or distribute their online material, they will surely see their audience/traffic shrink. Their online website should be viewed as a courtesy, in an effort for consumer loyalty/retention, as opposed to a large source of revenue.
Teh interwebz is safe, friends.