." In the conference call, Mr. Murdoch emphasized the company was serious about competing on the Internet.
After spending $580 million to acquire Intermix Media and its popular social networking site Myspace.com, Mr. Murdoch said the company could spend double that and possibly up to $2 billion to buy Internet assets to complement what the company would build internally.
The company also last week acquired the sports Web business Scout Media for $60 million, and Mr. Murdoch said the company is "in very advanced negotiations to buy a controlling interest in what we think is a wonderful search engine."
I can assure you, Looksmart are doind lots of clever things ATM, in relation to Publisher/Media Co business. Check this piece out.
August 09, 2005
Keynote Conversation with Ask Jeeves's Steve Berkowitz
"This is not about competing with Google, MSN or Yahoo. It is about building a relationship with advertisers".
Danny said next year, "can you envision how things will change at Ask and Search".
Steve said "for Ask it will be about focusing around the core of search. They will continue to focus on the consumer and continue to lead the industry in innovation. They will continue to build the "Ask Jeeves Search Technology" (not Teoma anymore, its beyond that now). They will find innovative ways to integrate content providers".
http://www.seroundtable.com/archives/002343.html
Perhaps with a further Myway.com involvement ????
http://my.myway.com/
Have to wait and see, I suppose??
:) LC
LOK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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