News Corporation buys Web site that offers spiritual hope
5 December 2007
Oxford, Ohio (ENI). Rupert Murdoch's global media organization News Corporation has announced it has acquired Beliefnet, said to be the largest faith and spirituality information site on the World Wide Web, for an undisclosed sum.
"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," said Dan Fawcett, president of Fox Digital Media, part of News Corporation, in a 4 December statement announcing the acquisition.
He said Fox wants to "leverage these characteristics across a broader media canvas" and "enhance an already terrific product in a rapidly growing market". the rest