Murdoch sniffing web lit users
Flush with the success of the Myspace acquisition, Newscorp has been sniffing around the online literary scene. 3:AM magazine, by far the webs most interesting space for new writing, has been approached, but has so far held out against the lure of riches.
The move confirms what many in the publishing industry are starting to wake up to. Words are the new music and video.
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