A request that this article title be changed to Fox Sports Interactive Media is under discussion. Please do not move this article until the discussion is closed. |
Formerly | News Corp. Digital Media Fox Interactive Media |
---|---|
Type | Subsidiary |
Founded | 2008 |
Headquarters | , |
Services | Online media |
Owner | Fox Corporation |
Parent | Fox Sports Media Group |
Fox Sports Digital Media, formerly known as News Corp. Digital Media and Fox Interactive Media, is a subsidiary of Fox Sports Media Group which operates Fox Sports' online properties in the United States.
Fox Interactive Media was formed in 2005 when News Corp CEO Rupert Murdoch handpicked a team of Fox executives to explore new ways to leverage the internet to distribute and monetize content. The team, composed of Ross Levinsohn, Adam Bain, Travis Katz and Michael Kirby, founded a new division, Fox Interactive Media. Murdoch set aside a war chest of $2 billion for the team to make acquisitions. [1]
Fox Interactive evaluated a broad number of options, including CNET, Craigslist and Marketwatch, but eventually settled on a fast growing social media company, Myspace, as its flagship property. The division also acquired gaming site IGN, photo sharing site Photobucket, movie review site Rotten Tomatoes, career search site Simply Hired, as well as AskMen, and Scout Media.[ citation needed ] By December, 2006, on the back of these acquisitions, Fox Interactive Media had supplanted Yahoo to become the largest online property in the United States. [2]
However, the group would later divest most of its properties; in 2006, Demand Media, a company run by Richard Rosenblatt, former CEO of Intermix Media and chairman of Myspace, purchased back all of the non-MySpace assets Intermix had sold to News Corporation. [3] In December 2009, Fox sold Photobucket to the startup digital photography company Ontela. [4] In October 2010, the Fox Audience Network was sold to ad technology firm Rubicon Project. [5]
Fox Interactive Media also operated the websites of Fox's television stations. As part of a joint venture with LIN Media in 2008, Fox Interactive Media also began offering the Digital Publishing Platform (DPP), an enterprise content management system and hosting platform primarily intended for local station websites. The DPP products were later spun off as the independent company EndPlay, which Fox and LIN still hold equity interests in. Fox would begin outsourcing their television station websites to competing provider Worldnow in 2012. [6] [7]
In June 2011, Specific Media and pop singer Justin Timberlake bought Myspace for $35 million, which CNN reported noted was "far less than the $580 million News Corp. paid for Myspace in 2005." [8] Murdoch went on to call the Myspace purchase a "huge mistake". [9] In February 2013, IGN Entertainment was sold to Ziff Davis Media. [10] [11]
As its only remaining properties relate to Fox Sports, the company was renamed Fox Sports Digital Media in mid-2013.
In 2014, Fox Sports Digital Media and Sporting News Media entered into a partnership to create content, combine sales offerings and add to their respective ad networks. [12]
In 2015, the company purchased assets in the sports start-up Straightcast Media. [13]
Fox Sports Go, the company's online video arm, was spun off along with the Fox Sports regional networks to a Sinclair Broadcast Group-Entertainment Studios consortium in 2019, part of the acquisition of 21st Century Fox by Disney; Fox Sports Digital Media retained video rights to the channels Fox Corporation continues to own. As part of a transitional license, Sinclair licensed the Fox Sports Go brand from Fox Sports Digital Media until they developed the Bally Sports brand with Bally's Corporation; Fox Sports Go continued to link to Fox Sports Digital Media properties while the license was in effect.
News Corporation, also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Prior to its split in 2013, it was the world's largest media company in terms of total assets and the world's fourth largest media group in terms of revenue, and News Corporation had become a media powerhouse since its inception, dominating the news, television, film, and print industries.
Ziff Davis, Inc. is an American digital media and internet company. First founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools.
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Myspace is a social networking service based in the United States. Launched on August 1, 2003, the site was the first social network to reach a global audience, and had a significant influence on technology, pop culture and music. The site played a critical role in the early growth of companies like YouTube, and created a developer platform that launched the successes of Zynga, RockYou and Photobucket, among others. From 2005 to 2009, Myspace was the largest social networking site in the world.
News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of the American News Corp. News Corp Australia employs more than 8,000 staff nationwide and approximately 3,000 journalists however News Corp Australia has closed approximately 100 newspapers and cut approximately 500 jobs in Australia since 2019.
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News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the original News Corporation, it was formed on June 28, 2013, following a spin-off of the media outlets of the original News Corp as 21st Century Fox. Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include Dow Jones & Company, News UK, News Corp Australia, REA Group, Realtor.com, and book publisher HarperCollins.
Fox Corporation is a publicly traded American mass media company operated and controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Incorporated in Delaware, it was formed in 2019 as a result of the acquisition of 21st Century Fox by the Walt Disney Company; the remaining assets that were not acquired by Disney were spun off from 21st Century Fox as Fox Corporation. Its stock began trading on March 19, 2019. The company is controlled by the Murdoch family via a family trust with 39.6% ownership share.
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