Russia's economic problems make it more dependent on China
The ex-Microsoft CEO starts anew as owner of the Los Angeles Clippers, the NBA's most expensive team
What happens in the next seven days will tell us a lot about the potential risk to workers who treated Thomas Eric Duncan
Paul Budnitz is the founder of Ello, the new anti-ad, pro-porn social network for all your most pretentious friends
Defined-contribution plans aren't living up to their promise
A new book surveys the best places to hide out from the digital world
TV programmers rush to the Internet as more and more Americans are starting to watch some, if not all, of their TV shows online
Analysts worry that colleges take liberties with classes that count toward a "liberal arts education"
Small businesses are changing hands at the fastest pace since the recession
Murdoch made his career—and billions—developing media properties into powerhouses. He's aiming to do it again with MySpace, the social network he bought in 2005 for a mere $580 million. Under the ownership of News Corp. (NWS), MySpace has morphed from a site where users post messages to friends and listen to unsigned bands into a full-fledged Web portal for entertainment content that pulls in an estimated $800 million per year in revenue. The site, which has more than 117 million users worldwide, has signed deals to distribute television shows and original programming and, this September, launched MySpace Music—a joint venture with the four major record labels and Indie players. Now Murdoch's challenge is to turn all the traffic and premium content into ad buys capable of competing with the likes of Yahoo.