Murdoch Tweets About Myspace Failure
STEVE INSKEEP, HOST:
And today's last word in business is an announcement made in the middle of the night. It came from Rupert Murdoch, the head of News Corps.
DAVID GREENE, HOST:
The owner of many newspapers and Fox News recently started sending out messages on Twitter, and overnight he commented on one of News Corps' failures: its expensive purchase of MySpace, a social networking site that swiftly passed out of fashion.
INSKEEP: Early this morning on Twitter, Murdoch confessed, quote, "many questions and jokes about MySpace. Simple answer: We screwed up in every way possible, learned lots of valuable, expensive lessons."
GREENE: Now we don't know what time zone Murdoch was in when he made that confession, but the tweet came across at 2:05 AM Eastern Time.
INSKEEP: And Murdoch's message prompted a variety of responses, some critical and others sympathetic. Maria-Helena Miranda tweeted back: Sir, don't feel bad. It's all about life's learning journey.
And that's the business news on MORNING EDITION, from NPR News.
GREENE: I'm David Greene.
INSKEEP: And I'm Steve Inskeep. Transcript provided by NPR, Copyright NPR.