RealMoney Radio: They Laughed at News Corp.

"The equivalent of Brad Pitt and Angelina Jolie hooking up has taken place online," Jim Cramer said on his "RealMoney" radio show Tuesday.

Google (GOOG Quote) is going to be handling the searches and ad placements for News Corp.'s (NWS Quote) MySpace.com.

Even though other search engines wanted in on this deal, Google secured it by guaranteeing News Corp. $900 million in ad revenue over the next four years, Cramer said.

News Corp. is one of those amazing stories of a company that took bold action, and it paid off, he said. Cramer added that he remembers when people thought it was a wrong move for News Corp. to buy the company.

MySpace is not the only game in town, he said. Facebook is a company that Cramer believes is worth $1 billion.

MySpace has the potential to be a game changer for News Corp., and Cramer believes that the company is worth buying right here, right now.

One thing investors tend to do is buy a brand name company when they see it coming down Cramer said. But people should never just buy a stock without doing their homework first.

An example of a stock where its brand name didn't necessarily work is Bausch & Lomb (BOL Quote).

In March, the stock was doing well in the $70 range; it is now at $46, said Cramer. The problems started in April with the company's Moisture Loc contact lens solution, and now no analyst wants to get behind the company.

Even though it's low, Cramer warned that Bausch & Lomb is still too dangerous and advised people to stay away.

On a separate note, he said that Alon USA Energy (ALJ Quote) and Valero Energy (VLO Quote) are two oil plays people should look into if they want to get revenge from the pump.

Both of these companies are making a ton of money, he said.

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