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There's an intriguing idea floating around the media: Microsoft Corp. wants to undercut Google so badly in Internet search that it might pay newspapers to withhold their content from Google....

Whenever Rupert Murdoch goes back to his home country of Australia, he loosens up and says things to the press (usually his own outlets) that he might not say in the U.S. Of course, everyone in the U.S. picks up on it and it becomes a big story, as it did today after Murdoch told his own Sky News that he might start blocking Google and other search engines from giving searchers full access to articles on the Wall Street Journal's website, WSJ.com.

The MySpace social media network’s traffic has dropped so much that it will fail to satisfy a minimum traffic level crucial to parent company News Corp’s three-year $900 million advertising deal with Google, inked in 2006, that made Google the exclusive search advertiser on MySpace — then the world’s most popular social network.

Lots more details are coming in on the Photobucket fire sale by MySpace/News Corp. The sale is all but complete, say new sources.

As the media world's most powerful figures gather in Sun Valley, Idaho to discuss the state of the industry the topics are likely to range far and wide. But aside from subjects like the economy and the influence of the internet, one question is likely to dominate conversations among the event's moguls and millionaires: will anyone broker a deal to buy Twitter?

Hulu CEO Jason Kilar won a big battle against Google's (GOOG) top dealmakers in April, successfully convincing Disney (DIS) CEO Bob Iger to put ABC's full-length content on Hulu instead of YouTube.

Google wanted to make Disney the cornerstone of its new focus on premium content, but Disney ended up taking an equity stake in Hulu alongside prior investors News Corp (NWS), NBC (GE) and Providence Equity Partners.

A couple months later, the fruits of Jason's labor are here in the form of mega-hit "Grey's Anatomy," now live on Hulu.

Here's the email that Jonathan Miller, News Corp.'s CEO Digital Medial, sent to all Fox Interactive employees about the departure of MySpace cofounder and CEO Chris DeWolfe. DeWolfe is gone.

Former AOL CEO Jon Miller is close to taking a new role overseeing digital strategy at News Corp.