Murdoch's New Groove

Even as we speak, police are investigating claims that sexual predators have trolled MySpace for young victims. What are you doing about this?

We're being very proactive. We plan to reach out further to school principals, church groups and community organizations to educate them on the safety measures we've developed. For example, no one under 14 is allowed to register on the site, and there are strict limits on who can access profiles of users under 16. We've also got a third of our work force monitoring the site to prevent inappropriate material from being posted.

Can we find any postings from you on MySpace?

There are about 60 Rupert Murdochs up there. People post me there. Some aren't polite. They feel they own MySpace and that the big corporation was going to come in and change it. Well, we haven't.

You've been trying for a while to get cable distribution to launch a rival to CNBC. Any progress?

We're in pretty intense discussions with the biggest cable companies, and making quite considerable progress. You can expect something fairly soon.