News Corp Won't Buy Twitter, Won't Sell MySpace

REUTERS -- July 8 --  News Corp is not interested in buying popular microblogging site Twitter and will not sell its struggling MySpace, said the CEO, Rupert Murdoch. Murdoch said Twitter would be a tough investment to justify because it has not yet come up with a sustainable way to make money. Asked about selling MySpace, he said, "Hell no." He expressed confidence in MySpace and criticized Facebook. "Facebook is like a directory," he said. "How they make money is another matter." FULL ARTICLE @ REUTERS

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