MTV buys SN and UGC companies, also launches UGC TV Channel MTVflux
MTV angles for MySpace generationBy Andrew Edgecliffe-Johnson in LondonFinancial Times
Updated: 9:10 p.m. ET July 23, 2006MTV Networks will on Monday make its biggest move into the “social networking” area, dominated by websites such as MySpace and Bebo, by unveiling plans for a television channel devoted to content created by its users.
MTV Flux will allow people to exchange messages and video clips by computer and mobile phone, much like existing social networking sites, but will allow users to choose which music videos are displayed on the channel, and display their own videos and messages alongside.