Murdoch’s company purchased Beliefnet in late 2007 for an undisclosed sum.
The company may also be planning to unload Jamba/Jamster, which it bought 51 percent of in 2006 for $187.5 million, and finalized the purchase in 2008.
The Fox Digital Media group, which is the segment of News Corp that owns Beliefnet, lost money last quarter. News Corp’s most recent earnings report doesn’t state the exact amount of the losses but notes that they worsened since last year, “principally due to lower search and advertising revenue.”
- Exclusive Interview With Maureen Sullivan, President of AOL.com & Lifestyle Brands
- NPR Issues Social Media Reminder to Employees on Election Day
- Schmoozers Can Save Their Jobs With Social Words Like 'Baseball'
- Joe Cross Shares Content Tips: 'If Your Content is Good, It Will Get Seen'