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"Fox Entertainment Group's vast resources will enable Beliefnet to expand our audience, enhance our offerings and more effectively carry out our mission to help people find and walk a spiritual path that brings comfort, hope, clarity, strength, and happiness," said Steven Waldman, Beliefnet's CEO, editor-in-chief and co-founder. Beliefnet has around 3 million unique visitors each month and a daily email newsletter that reaches nearly 11 million subscribers. The company is not affiliated with any spiritual organization or movement, and it has partnered with Time Warner's (TWX - Cramer's Take - Stockpickr) Time magazine, Yahoo! (YHOO - Cramer's Take - Stockpickr), and Chicken Soup for the Soul. Web acquisitions have been popular in the media sector of late, but News Corp. shook up the industry this year with its $5 billion acquisition of Dow Jones (DJ - Cramer's Take - Stockpickr), the publisher of The Wall Street Journal, a deal that is expected to close before the end of the year. Shares of News Corp. were recently down 41 cents, or 1.9%, to $21.16.
12/03/07
Critic Firing Sets Off Sparks for CNet
Bloggers boycott the tech site amid claims of interference in editorial reviews.
12/03/07
Zander's Fans Turn With the Wind
Two years ago, the Motorola CEO could do no wrong, and now the press says he was wrong all along.
12/01/07
It's in the Books: Greed Doesn't Work
Books about Wall Street shed light on why financial institutions fall again and again -- when they really should know better.
08/05/08
Three Internet Stocks That Could Double
These forgotten Internet stocks are being accumulated by hedge funds.
08/15/08
The Five Dumbest Things on Wall Street
Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...
08/15/08
McCain Fund-Raising Picks Up
The GOP presidential candidate raised $27 million in July.
08/15/08
Cash-Back Cards Aren't Money in the Bank
Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.
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