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    Extracted from today's Australian newspaper:

    “Murdoch has committed his news and entertainment empire to leading the online revolution by transforming itself into a "internet heavyweight".

    He embraced cyberspace with a $US1.3 billion ($1.77 billion) purchase of online assets in 2005, including Intermix Media - which owns the popular MySpace.com site - for $US580 million ……………………………………………

    News Interactive managing director Nic Jones told The Australian yesterday the media group would launch a new website within weeks that provided access to about one million local trades and services listings.
    He revealed that News had acquired Australian Local Search (ALS), which utilises advanced search technology enabling users to precisely search listings in a single click.

    The website will pull together the hundreds of thousands of business listings collected by News's network of 100 community newspapers, along with ALS's 700,000 listings.

    "What you will see in the very near future is an integrated business that is about small and medium businesses being able to connect with their community not only through their community newspapers but also online," Mr Jones said. “
 
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