Murdoch Tweets About Myspace Failure

  • Playlist
  • Download
  • Embed
    <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

On Twitter, News Corps. Chief Rupert Murdoch confessed: "We screwed up in every way possible." He added the company learned a lot of valuable and expensive lessons from the purchase of the social networking site.


And today's last word in business is an announcement made in the middle of the night. It came from Rupert Murdoch, the head of News Corps.


The owner of many newspapers and Fox News recently started sending out messages on Twitter, and overnight he commented on one of News Corps' failures: its expensive purchase of MySpace, a social networking site that swiftly passed out of fashion.

INSKEEP: Early this morning on Twitter, Murdoch confessed, quote, "many questions and jokes about MySpace. Simple answer: We screwed up in every way possible, learned lots of valuable, expensive lessons."

GREENE: Now we don't know what time zone Murdoch was in when he made that confession, but the tweet came across at 2:05 AM Eastern Time.

INSKEEP: And Murdoch's message prompted a variety of responses, some critical and others sympathetic. Maria-Helena Miranda tweeted back: Sir, don't feel bad. It's all about life's learning journey.

And that's the business news on MORNING EDITION, from NPR News.

GREENE: I'm David Greene.

INSKEEP: And I'm Steve Inskeep.

Copyright © 2012 NPR. All rights reserved. Visit our website terms of use and permissions pages at for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from