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Friday, May 22, 2009

Google Values MySpace Deal At $75 Million/Year Or Less

"The last $75 million payment on the $900 million Google/News Corp. search advertising deal will be paid to News Corp. a year from now. That deal has accounted for about a third of News Corp.’s online revenue from MySpace and some of its smaller Internet sites, and the looming end of that particular gravy train is causing more than a little consternation for new Digital Media chief Jonathan Miller and his new MySpace exec team."

Source: Google Values MySpace Deal At $75 Million/Year Or Less
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