Mike Jones is the hired gun executing a new strategy that News Corporation expects will take MySpace back to the top.

FORBES: MySpace's New Defense...Or Offense?

If they were to put the paper up for sale, it would fetch an enormous price from one of a long list of buyers, including Rupert Murdoch's News Corporation, the New York Times Company and the Washington Post Company, who all doubtless believe they could run it better.

ECONOMIST: A new venture for an old paper

The chief executive of the Royal Opera House and the BBC's former director of news, Tony Hall, has been appointed the corporation's new director general.

BBC: Tony Hall appointed new BBC director general

In the Commons there was concern that the new laws would lead to a takeover of Channel 5 by Mr Murdoch's News Corporation, which owns 32% of the British newspaper market.

BBC: Media ownership laws to be relaxed