Acquisitions

Beliefnet Web site dealing with faith communities is being sold to Rupert Murdoch's News Corp. media conglomerate. News Corp. phrased on Tuesday, December 4th, that it would buy faith-based Web site Beliefnet. The amount of money for the Beliefnet is not known, is still undisclosed. Beliefnet has been founded in 1999 in New York. This Web site offers various editorial content, such as blogs, news, religious reference, or even a message boards and non editorial things, such as photo gallery or various social-networking items. Beliefnet Web site is not dedicated to any specific religion, it's content is addressed to religion in general, also politics or social and family life as well as any other trend of modern life. Beliefnet Web site is visited by more than 3.1 million visitors per month and about 7.6 million of subscribers.Beliefnet is planned to become a part of Fox Digital Media. Don Fawcett, a Fox Digital Media President, said: "Beliefnet has garnered respect for its commitment to quality, editorial strength and unbiased approach to faith and spirituality from a broad range of consumers, religious and political leaders, journalists and advertisers." Mr. Don Fawcett also phrased what is Fox Digital Media up to: "leverage these characteristics across a broader media canvas and provide programming, production, advertising sales, technology and marketing expertise."News Corp. also runs the popular MySpace Web site, which is ruled through Fox Interactive Media and owns several different resources focused on religion as well. These are for instance National Geographic Channel with it's programs on religious history, Fox Faith, a faith-based filmmaker, and many others.

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edited by Tatiana Kucharikova

Labels: Acquisitions, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom