MySpace on Cingular phones? Tom made the official announcement today. Is it worth a damn, though?

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In July of 2005, MySpace, one of the most popular social networks, was bought by Fox Broadcasting. While I'm not sure why Fox wanted to stick it's fingers in the Web 2.0 pie, I can only guess that it is because MySpace brings in gobs and gobs of ad revenue. This sort of acquisition is nothing new. Normally, however, the parent company either takes it's new property seriously by advancing it (buyout for profit) or dissolves the new property (buyout to remove competition). Sometimes, a little bit of both happens (e.g. Adobe's purchase of Macromedia). Fox Broadcasting has done neither. Fox does not take MySpace seriously.

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I'm about to put my front license plate back on my car. Once again, that means I'm going to LAX. This time, I'm picking Tammy up.

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