AOL's MySpace Killer

AOL/News/Article/Nicholas Carlson
Found on: internetnews.com

AOL today told internetnews.com that it is building a social-networking site likely to compete with News Corp.'s MySpace.com.

"We have something that we're working on," AOL spokesperson Anne Bentley told internetnews.com.

Several AOL employees have left comments on various blogs echoing confirmations.

Social-networking sites only recently exploded into business relevancy. Many started paying attention when News Corp. bought MySpace for a $580 million two summers ago.

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Is Fox buying Popist?

Popist/News/Article/Dan Farber
Found on: ZDNet

During an interview conducted by Mike Arrington of TechCrunch at the IBDNetwork Under the Radar event, Ross Levinsohn, president of Fox Interactive, just said that he had bought one of the companies in the room (still finishing the paperwork), but didnt' say who. He has a $2 billion war chest to buy new companies.

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Watch the exclusive video of Mike Arrington interviewing Ross Levinsohn, president of Fox Interactive : video