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Online Ad Network Specific Media Acquires MySpace

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Specific Media, one of the biggest online advertising networks, has purchased MySpace from News Corp. for $35 million today.

We spoke with CEO Tim Vanderhook recently about growth of the Irvine-based company, which is now one of the industry's largest video ad networks with its $55 million acquisition of BBE

You can also find this post up at Beet.TV.

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