Nine months: $320m profit!?!?

News Corporation bought Intermix Media, the parent company of Myspace.com for $580m nine months ago as their attempt to not lose their lead in news in the modern era. While there were many who criticised at the time, Google has agreed to pay $900m to advertise on that site and others in the News Corp stable. Now, $320m isn’t bad for nine month’s work…

Of course this relies upon Myspace.com continuing to meet traffic targets… which in turn is continguent upon Digg and others not hijacking this Web 2.0 world…