Main News Desk

Fox Interactive Media Agrees to Acquire Photobucket and Flektor, Inc.

Web's Fastest-Growing Personal Media Site and Next Generation Web-Based Photo and Video Service to Join News Corporation's Leading Network of Internet Brands

Los Angeles, CA - May 31, 2007

Fox Interactive Media (FIM), a division of News Corporation, today announced separate agreements to acquire Photobucket (http://www.photobucket.com) and Flektor, Inc. (http://www.flektor.com). Photobucket is one of the Web's most popular photo- and video-sharing services, and Flektor is a next-generation Web site that provides users with a suite of Web-based tools to transform their photos and videos into dynamic slideshows, postcards, live interactive presentations and video mash-ups. Terms of the deals were not disclosed.

Photobucket and Flektor join a number of other leading online destinations within FIM, currently the Web's most-viewed network in the U.S. with more than 45 billion page views per month.(a) The group's properties include MySpace, IGN Entertainment, FOXSports.com, AmericanIdol.com and others.

Executive quote

"Becoming part of the Fox Interactive Media network will have a tremendous and positive impact on our ability to serve our users' needs," said Alex Welch, CEO, Photobucket. "We plan to continue developing innovative tools that enhance self-expression and allow our users to have the best media sharing, linking and searching experience on the Web. Partnering with FIM will give us the resources and support to deliver on this vision, as well as the ability to offer new opportunities to our end users, customers and partners."

"We founded Flektor to give Internet users the tools they need to easily create, connect and share content," said Jason Rubin, co-founder of Flektor. "Becoming a part of the Fox Interactive Media network will enable us to deliver these tools to the broadest possible online audience."

About the company

Photobucket is the Web's most popular creative hub, with more than 42 million users linking billions of personal photos, graphics, slideshows and videos daily to hundreds of thousands of web sites, including: MySpace, Facebook, Bebo, Friendster, eBay, Craigslist, Blogger and Xanga. In addition to linking content, Photobucket users share their personal digital media by email, instant messaging, and mobile devices. Every day, over 7.5 million personal photos, graphics and videos are uploaded to Photobucket for sharing with family, friends and the online world. The company actively moderates content to create a safe environment for its users, partners and advertisers. Photobucket has offices in Palo Alto, California and Denver, Colorado and is located online at http://www.photobucket.com. For the latest feature announcements and news, please visit the Photobucket blog at http://blog.photobucket.com.

About Flektor, Inc.
Founded in 2006, Flektor is focused on bringing an entertainment software approach to the Web by empowering users with simple tools for content creation. Headquartered in Culver City, CA, Flektor combines experience and creative vision in the interactive entertainment industry with a world-class team of Internet, technology and business veterans. The company was self-funded by the founders and continues to establish strategic partnerships with third party sites and content creators.

About Fox Interactive Media:
A division of News Corporation (NYSE:NWS - News), Fox Interactive Media (FIM) offers a global, border-free online network that caters to consumers by giving them the platform and tools to express themselves, communicate with each other, and engage with the best music, TV, film, sports, information and more. The company's worldwide network includes such category leaders as MySpace, IGN Entertainment, FOXSports.com, RottenTomatoes, AskMen, AmericanIdol.com and more that together comprise one of the largest and most engaged audiences on the Web.

(a) according to comScore Media Metrix, April 2007

This document contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made based on management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market and regulatory factors. More detailed information about these and other factors that could affect future results is available in our filing with the Securities and Exchange Commission. These "forward-looking statements" made in this document are made only as of the date of this document and we do not have any obligation to publicly update any "forward-looking statements" to reflect subsequent events or circumstances, except as required by law.

Contact details

Sharon Howell
LEWIS PR for Photobucket
415-992-4400
photobucket@lewispr.com

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Fox Interactive Media Agrees to Acquire Photobucket and Flektor, Inc.

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About the company

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