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July 28, according to foreign media reports, Goldman Sachs Group recently pointed out that the News Corp. chairman Rupert Murdoch (Rupert Murdoch) terms, the status of MySpace business is full of joys and tears. The pleasure thing is that MySpace has become a real profitable business, and the tragedy is the growth trend has slowed down.

According to Goldman Sachs is expected, Murdoch’s Internet business worth 3 billion U.S. dollars, and the figure is not based on MySpace and other Fox Interactive media assets to attract users by the number of visits, nor is it based on the revenues of these assets, but on the basis of their profits. This means that Murdoch’s MySpace and other Web assets has become a real profitable business.

News Corp. said in May this year, Fox Interactive Media’s profits will reach 900 million U.S. dollars, lower than previously expected 1 billion U.S. dollars. Although Murdoch does not meet expectations, but it is a profitable business. According to Goldman Sachs analyst Make Wei En Kaisi (Mark Wienkes) is expected, the 2008 FIM before interest, tax, depreciation and amortization profit (EBITDA) will reach 155 million U.S. dollars.

By contrast, Fox Interactive Media’s revenue increase is not very optimistic, there will be only 12%. In the United States, MySpace users have reached peak volume. With Facebook and other social networking sites of the growth of MySpace has brought to a lot of pressure.

Fortunately, this 12 percent of adding revenue will be achieved after the end of the three years’ contract between Fox Interactive Media and Google, the results can still be acceptable in the economic downturn today.

December 2019
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