AOL.com Video - Michael Wolff on News Corp and Facebook

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Michael Wolff on News Corp and Facebook

Description:Michael Wolff, who has written a much talked about book about Rupert Murdoch and the rise of News Corp, sees MySpace in a downward spiral. In this interview with Beet.TV, he calls the acquisition of the social media site a "relative calamity for News Corp." because the giant media company "knows nothing about technology." On stage with Andy Lack, the head of multimedia for Bloomberg, he said the valuatio (2:36)

Source: BeetTV

Tags: Michael Wolff on News Corp and Facebook , beet.tv , BeetTV , myspace acquisition