Rupert Murdoch was bullish, to say the least, in the latest financials earnings call for News Corporation, saying that “content is not just king, it’s the emperor of all things electronic… devices and platforms are proliferating but this clever technology is merely an empty vessel without any great content.”. However, that didn’t stop the company admitting that revenues from its digital media group were down thanks to “lower advertising search revenues at MySpace” which were only partly offset by savings from its restructuring. However, Murdoch is hopeful, saying that News Corp has seen “signs of traffic stabilization”, representing progress in “repositioning MySpace as the prime place where people share thoughts and ideas about music, entertainment and other popular content”. Source: Seeking Alpha
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