Rupert Murdoch on Myspace: “It grew out of control. I blame myself”

Media mogul Rupert Murdoch is a legend in his own lifetime. With business interests spanning newspapers, TV, film and online media, the News Corp CEO has built up a personal net worth of some $4bn.

Here’s a few exerpts from’s interview with the man behind the news.’s Dan Freed: "There’s been a lot of shakeup at MySpace. Why are you shutting down your global ambitions?"

Rupert Murdoch: "We’re not. We’re just getting first things right first. The business sort of grew out of control and really out of size. I blame myself and it had to be brought back in size, but we feel that we’ve got new creative people and it will be a very strong force in many ways and shouldn’t be compared … I mean, it will be a very different social site to, say, Facebook."

DF: "What do you think of Twitter?

Murdoch: "It’s an amazing phenomenon but I have no idea how they can monetize it. No one monetizes the Web today to any extent other than search."

DF: "Michael Wolff has written in Vanity Fair that you want to buy The New York Times, that you’ve planned out the deal in detail. Is that true?"

Murdoch: "No. That’s nonsense. I don’t think it’s for sale anyway. I haven’t even thought about it. But I would imagine that it would be legally and politically almost impossible, so I’m not thinking about it."

To read the whole transcipt of the Rupert Murdoch interview, click here.

Related articles The female Murdoch FEATURE: What on earth is Eddy Shah up to now? Branson voted top role model for SME owners

Picture source

Share this story

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x
Send this to a friend