“We probably should have stopped YouTube,” Michael Barrett, chief revenue officer for Fox Interactive Media, a part of the News Corporation, said in an interview in late February. “YouTube wouldn’t exist if it wasn’t for MySpace. We’ve created companies on our back.”
I'm not sure if I believe that, but if the people at Fox and MySpace truly do, then I can't help but question their motives and if whether what they are doing is socially responsible. Then again, I can really just look to the fact that it's Fox to get the answers to those questions.
New York Times article.