Fox Interactive Media in $900 Million Alliance with Google

August 8, 2006 World Screen

MOUNTAIN VIEW/LOS ANGELES, August 8: Google will be the exclusive
search and keyword-targeted advertising sales provider for Fox Interactive
Media’s network of web properties, including MySpace, as part of a multiyear
agreement that will see Google making a guaranteed revenue share payment to Fox
Interactive Media of $900 million.

The revenue share is based on Fox achieving certain traffic
and other commitments. These payments are expected to be made beginning in the
first quarter of 2007 and ending in the second quarter of 2010. 


Under the terms of the deal, the search engine will power
web, vertical and site-specific searches for MySpace.com and the majority of
Fox Interactive Media properties, including IGN, Scout.com, Rottentomatoes.com
and AskMen.com, among others.

Google will be the exclusive provider of text-based
advertising and keyword targeted ads through its AdSense program on Fox
Interactive Media’s network of sites. Google will also have a right of first
refusal on display advertising sold through third parties on Fox Interactive
Media’s network. 
The agreement kicks off in the fourth quarter.

“Our partnership with Google underscores News Corp’s
continued evolution to become a powerful force in the digital media
marketplace,” said Peter Chernin, the president and COO of News Corporation.
“To have come this far and gained this much momentum in just over a year is
truly remarkable. This is an exciting time in our history as a forward thinking
media company and this is just the first of many steps we plan to take with Google.
We look forward to expanding our relationship into many new areas over years to
come.”

“We believe that our innovative technologies will be of real
benefit to Fox Interactive Media’s growing number of users,” said Eric Schmidt,
the CEO of Google. “MySpace.com is a widely acknowledged leader in
user-generated content and incorporating search and advertising furthers our
mission of making the world's information universally accessible and useful.”