newsblaze writes "In the Media space, the internet has been threatening to be a highly disruptive technology for some time now. So far it has done quite a number on newspapers, who still don't understand the internet. There are a lot of people who like to have the paper in their hands, though, so newspapers are holding on. Television has no such ties to a physical medium. When Murdoch bought Myspace, I wondered how long it would be before he either found something to do with it — or gave up. Now it seems Murdoch has found a way to leverage his position, and put a massive squeeze on television. How far can he take this — and what will be the result?"