Bronte Media

Rupert Murdoch, owner of MySpace and MySpace Video (which has just a shade under the usage of YouTube) comments:

“Murdoch, chairman and CEO of News Corp., told attendees at McGraw-Hill’s 2007 Media Summit here that while he finds YouTube “hypnotic,” he questions whether the company can generate big advertising revenue.

“How do you monetize it,” asked Murdoch, whose social-networking site MySpace offers its own video player. “If you interrupt the flow of videos with commercials, (YouTube viewers) are going to go with (MySpace) or somewhere else.”