News Corp. Web Unit Scouts Magazine, Site Publisher, Buys It

  • August 5, 2005
The newly formed Internet division of Rupert Murdoch's News Corp. is purchasing the sports Web site and magazine concern Scout Media Inc. News Corp. created its Fox Interactive Media division last month, doling out a $580 million cash payout in buying MySpace.com operator Intermix Media. The newly acquired, Seattle-based Scout Media's sports sites, with titles such as Dawgman.com and eDuck Sports, attract about 2.4 million users every month. Scout.com's Web sites generate about $1,990,000 per month in subscription-based revenue. -- Michael Deibert
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