Morning Wire: Does the hype mean anything if the stock doesn’t react?

IF News Corp is the internet king, why aren’t investors reacting. With all the hype and buzz around News Corp passing internet giant Yahoo! In page views, we thought News Corp’s stock would have gone on a steady climb. The stock performance just doesn’t match the hype. News Corp Chairman Rupert Murdoch is known these days for chatting up his Myspace website even saying that if he was to sell right now, he could easily get $6 Billion for it. Well Wall Street for some reason isn’t buying that statement just yet, and why? We don’t know. News Corp has big bragging rights and a serious internet position not only because of Myspace.com. This is the engine that seems to be driving their web business these days and they are milking it. The company is currently in talks to launch Myspace in China, a project Rupert Murdoch put his wife Wendy on which many say may signal a new roll for her in the company Would the stock react if a rumor were to brew that News Corp wants to spin off the internet unit?