MySpace makes $25 Million a month in ads

That’s the word from Rupert Murdoch’s keynote interview at the McGraw-Hill Digital Media Summit in New York yesterday. And that number is growing at a rate of 30% per quarter.

When I try to explain what social networking is and why it’s important, I usually get the “Mays is all wound up over some new Internet thing” look. I think it’s one of those you-had-to-be-there things.

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