News Corp. Execs Gather For Second Internet “Summit;” FIM Shops For A Home

What the Financial Times describes a second News Corp. web summit called by Chairman Rupert Murdoch is slated for this weekend in California. The core group consists of the News Corp. Executive Management Committee; Ross Levinsohn, president of Fox Interactive, isn’t on the committee (although he directly reports to Murdoch and president/COO Peter Chernin) but will be there. That only makes sense given Murdoch’s expansion of FIM’s role during the latest earnings call to “encompass all of our internet development.” More as warranted.
Meanwhile, FIM is shopping for some room of its own, we’ve learned. The preference is Santa Monica but so far none of the spaces are large enough, including the one across from Yahoo that got some consideration. Without more acquistions, FIM would need a minimum of 25,000 square feet and it’s safe to say more buying is on the agenda.

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