NewsCorp.

MySpace Markdown: Social Site on Sale for 94% Off

Back in July 2005, the deal seemed so promising. Rupert Murdoch's News Corp bought MySpace parent Intermix Media for $580 million. The social media pioneer was, by some measures, the fifth most-visited website in the U.S. This week, MySpace may be sold for as little as $30 million.

News Corp., the Saudi Prince and the 'Ground Zero Mosque'

Fox News pundits decry Imam Feisal Abdul Rauf, who's sponsoring a mosque in lower Manhattan, as a threat to America. But for Fox's parent News Corp., doing billions of dollars in investment deals with a nephew of Saudi Arabia's king is just business as usual. And it shows how much more nuanced it is to run a multinational media giant today.

Dirty Apps? Apple's Erratic Censorship

Steve Jobs's dictate that apps for Apple's iPad and iPhone contain no pornography or nudity affects plenty of major magazines, including Playboy, Cosmopolitan and W. How are they dealing with it?