Fox Interactive Media will be showing Google's Adsense ads beginning 4th quarter 2006. A deal was made between Google and FIM that guarantees Fox a minimum revenue share of $900 million. These guaranteed payments will be made between 2007 and 2010.
If you recall, Ruper Murdoch purchased MySpace for $580 million. It was a move by News Corp to boost its internet assets due to the large potential of online advertisement.News Corporation's Fox Interactive Media and Google Inc today announced a multi-year search technology and services agreement whereby Google will be the exclusive search and keyword targeted advertising sales provider for Fox Interactive Media's growing network of web properties including MySpace.com.
The agreement calls for Google to power web, vertical and site specific search for MySpace.com and the majority of Fox Interactive Media properties.
I think that purchase is now paying off.
Comment Preview