Rupert Murdoch's News Corp. (NWS Quote), which until recently had a wobbly Internet presence, now testifies to the hugeness of the online opportunity.
Speaking at a Citigroup media conference in Phoenix on Monday, Murdoch said the company will continue to build its Web side, following last year's purchases of IGN Entertainment for $650 million and MySpace.com for $580 million. "The Internet is the ultimate provider of choice," said Murdoch.
Murdoch says that some day soon, everyone will have access to a computer and the Internet, and that this universal broadband access will only accelerate trends recently warming the likes of Google (GOOG Quote) and Yahoo! (YHOO Quote) and cooling print-heavy outfits like New York Times (NYT Quote). ...
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