Marketwatch reports that News Corp. (NWS-A) has confidence that their Fox Interactive division, which includes online properties MySpace and IGN, will break even during fiscal 2007, according to executives on their first-quarter conference call.
Revenue for the overall Fox Interactive division climbed by 45 percent during the last three months to reach $395 million. The surge is attributed to strong advertising sales and increased rates for major ad displays, said Peter Chernin, the Fox Chief Operating Officer.
Chernin was also asked if Google's (GOOG) acquisition of YouTube would cause any problems in their relationship with the company and Chernin commented that it wouldn't in any way, as YouTube offers News Corp. another platform to offer their content on.
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