Murdoch: I want my VoIP

murdochSo he passed on Skype. He found it too expensive at three billion dollars. But Rupert Murdoch still wants VoIP, and that too within weeks. Could it be Vonage? At a Goldman Sachs Investor Conference, the wily old fox of media said that he expects his online sales to be between $500 to a billion dollars in next five years. Currently, the company gets about $100 million from online-related revenues. Given that he has spent over $1.1 billion and is looking to spend more on “search and VoIP”, I wonder if all this cash outlay is just a way to appease the Wall Street and heat up the lukewarm News Corp stock. Scott Rafer has some thoughts on Murdoch’s game plan – different from mine of course.