Twenty years after Rupert Murdoch upended the status quo in television with the launch of Fox Broadcasting Co., Murdoch and News Corp. are in the vanguard of another media revolution with its recently acquired Internet assets including MySpace.com. The News Corp. chairman and CEO recently spoke with The Hollywood Reporter contributing editor Diane Mermigas about his company's interactive expansion and what it augurs for traditional media giants. Not a penny has been spent marketing it before or after the purchase, and it just grows faster and faster every week.

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