What was interesting was Murdoch's apparently mastery of the digital space. He can sling the jargon of page impressions, MP3s, triple-play, and banner ads with the best of 'em. In fact, Murdoch now sounds like an Internet guy.
If you don't believe me, proof comes in the form of News Corp.'s stock price, which has taken off of late. Since creating a new Internet unit, buying Myspace.com and a couple of other properties in 2005, News Corp. has almost reinvented itself as an Internet company. I did a little investigation, and cooked up a chart, which is telling:
So that $600 million deal for MySpace.com wasn't a bad deal after all. In fact, Murdoch said he even considers it a bargain. "The growth has exceeded our expectations," he said. He estimates that News Corp.'s revenue from its new online properties will hit $1 billion next year.
Some other Murdoch nuggets:
Is there anything left for the media mogul to master?
— R. Scott Raynovich, Editor in Chief, Light Reading