Google taking over planet, part 19 (myspace search)

[Jason]

http://money.cnn.com/2006/08/07/technology/news_corp_myspace.reut/index.htm?cnn=yes

This isn't a big technology concept like my normal posts, but rather just another example of how Google is imbedding itself into our lives.    (Hey, as long as I get gmail for free, I'm not going to complain!)

MySpace links up with Google
Google to provide social networking site's search system, will pay Fox at least $900M in revenue share payments.
August 7 2006: 5:12 PM EDT

NEW YORK (Reuters) -- News Corp.'s Fox Interactive Media said Monday it selected Google Inc. as MySpace.com's search system in a multiyear search and advertising deal that also covers some of Fox's other properties.

The deal ends months of speculation about which big search company would serve MySpace's popular online teen hangout.

 
Shares of both News Corp. (Charts) and Google (Charts) rose about 1 percent in after-hours trading.

As part of the deal, Google is expected to pay Fox at least $900 million in revenue share payments based on certain traffic and other commitments promised by Fox. These payments are expected to be made from the first quarter of 2007 to the second quarter of 2010.

One media analyst applauded the deal.

"It's a small amount of revenue in News Corp. over the last nine months," said Richard Greenfield, an analyst at Pali Capital. "However, the organic growth in MySpace, combined with today's deal, sets MySpace up to be an important driver for earnings growth for [the] next several years."

Peter Chernin, chief operating officer of News Corp., said in a statement: "Our partnership with Google underscores News Corp.'s continued evolution to become a powerful force in the digital media marketplace."

"MySpace.com is a widely acknowledged leader in user-generated content and incorporating search and advertising furthers our mission of making the world's information universally accessible and useful," Google Chief Executive Officer Eric Schmidt said in a statement.

[Mark]

Good, because the current MySpace search is the most messed up pile of crap I've ever seen lol. Damn thing never works.

Yes, I do have a MySpace account, but it's private and only because it's actually a good way to keep in touch with friens who have move far away.

[Jason]

Yes, I do have a MySpace account, but it's private and only because it's actually a good way to keep in touch with friens who have move far away.

That's what they all say

[WSA]

Yes, I do have a MySpace account, but it's private and only because it's actually a good way to keep in touch with friens who have move far away.

That's what they all say

LOL

[Mark]

That's what they all say

Wait... are you being serious or sarcastic? If you where being sarcastic, I'm actually serious. I have 9 people on my friends list, 4 of whom I havn't seen in about 5 years.

[Jason]

I'm just giving you a hard time.  It's a cool setup for its intended purpose.  I just think it's WAY outgrown that (for better or worse, depending on your perspective). 

[WSA]

I think it's just a joke.  You always hear about those perv pedophiles going on there to meet teenage girls.

[Jason]

I think it's just a joke.  You always hear about those perv pedophiles going on there to meet teenage girls.

Well, it depends.  You do hear about the abuses of it, but all in all, it's a decent setup.  It's nice if you use it for its original purpose, but I agree that the wrong crowd have figured this out too, sadly.