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March 27, 2007
Who Says You Can't Monetize Social Networking? News' Corp's MySpace Revs at $30M p/mo
Pali Research says that MySpace has revenues of more than $30M a month in revenue, with about $24M in domestic revenue and $6M RPW. These figures should more than double within a year, and “at very high margins.”
For a company the size of Fox, these are not important numbers but they help to make the stock a growth story. And to put it in perspective, News Corp. expects to spend $75M+ or more in the first year to launch Fox News Business Channel.
Posted by Paul at March 27, 2007 10:46 PM
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