Rupert Murdoch on MySpace vs Facebook July 14, 2008

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Complete video at: http://fora.tv/2008/04/02/Rupert_Murdoch_News_for_the_21st_Century

News Corporation Chairman Rupert Murdoch compares social networking websites MySpace (owned by News Corp) and Facebook, arguing that the two sites are different enough that they are not necessarily targeting the same audience.

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Media mogul Rupert Murdoch warned that "technology will continue to destroy all of the old ways and old assumptions, especially in the media" during an April 2 speech on "Creative Destruction: News for the 21st Century."

Rupert Murdoch is the chairman and chief executive officer of News Corporation, a global media company with properties in film, television, print and online.

News Corporation's subsidiaries include Fox News Channel, Dow Jones (publisher of the Wall Street Journal), 20th Century Fox, and MySpace - Georgetown University

Rupert Murdoch is an Australian-American global media mogul. He is the major shareholder, chairman and managing director of News Corporation (News Corp).

Beginning with newspapers, magazines and television stations in his native Australia, Murdoch expanded News Corp into the UK, US and Asian media markets. In recent years has become a leading investor in satellite television, the film industry, the Internet and media. News Corp is based in New York.