NewsCorp said losses on MySpace social networking site "unacceptable."
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Expressing a first quarter earnings conference call, the management of the group admitted that MySpace "is a problem" need fixing.
They hope the recent relaunch of the site with a "focus on social entertainment", will provide the necessary progress in the coming quarters to make sustainable entrepreneurship.
NewsCorp management also stated that "the BSkyB transaction not based on synergies", after he was questioned on whether it would attempt to buy a set of programming for Sky Italia, Sky Deutschland and BSkyB.
It is a question that the European Commission should increase NewsCorp following in Brussels on Wednesday his interest in 61pc to BSkyB acquisition official notification, it does not already have.
NewsCorp said caused a boom in advertising revenue in the first quarter to 30 September, to increase to $775 m (￡ 481 m), $571 million 36pc one year auparavant.Rupert Murdoch was not present in the Conference call.
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