News Corp.'s New Net Bets

Its Fox Interactive Media has picked up two small Web companies to complement earlier Internet acquisitions such as MySpace

The Fox Interactive Media unit of giant News Corp. (NWS) said on May 1 that it had acquired two small Internet companies to help expand its online operations, which already include the popular social-networking site The companies are Newroo, a news aggregator based in San Francisco, and kSolo, an online karaoke site with headquarters in New York.

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