Big media and the internet Net dreams Economist.com: "Which of the big entertainment conglomerates is furthest ahead? That, of course, is fiercely debated by rival executives. Many were jealous of Mr Murdoch's purchase of MySpace.com, a social-networking site, because its soaring popularity has pushed News Corporation up among the giants of the internet by page views. Viacom is believed to have wanted to buy the site, but it lost out to News Corporation at the last moment. Now, however, after a furore over men lying about their age on MySpace.com so as to meet under-age girls, competitors are feeling a bit less envious. "
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