News Corporation's chief executive Rupert Murdoch admitted this week that the company's $580 million purchase of MySpace was a "huge mistake" and that the social networking site was mismanaged. More...

Media mogul Rupert Murdoch has said in an interview with Sky News Australia that newspapers within his empire - including the Sun, Times and Wall Street Journal - could block Google searches entirely once they... More...

Facebook has overtaken rival social network MySpace for the first time - provoking an angry outburst from the man who paid $580m for MySpace only three years ago. Facebook had 123m unique visitors in May,... More...