News Corp.’s MySpace advertising business and its digital ad business are performing above expectations, the company’s Chief Operating Officer Peter Chernin announced Tuesday, Reuters reports. “The MySpace advertising business is above budget, above where we expected to be,” Chernin said. Despite its success, News Corp. isn’t planning any big acquisitions. “Most of the things we’re seeing now still seem a little pricey,” Chernin said.
—Christopher Perez