Murdoch.net

Be afraid:

Global media baron Rupert Murdoch is steaming ahead with plans to dominate the internet, telling investors to expect his strategy for conquest to be unveiled within weeks.

The chairman and chief executive of News Corp told a US investors conference that the internet was still his number one priority and its revenue potential was enormous.

Merrill Lynch analyst Jessica Reif Cohen said Mr Murdoch expected News Corp's internet revenue to grow from $US100 million ($A131.39 million) this fiscal year to between $US500 million ($A656.94 million) and $US1 billion ($A1.31 billion) in five years.