AUGUST

11, 2011 NEWS CORPS LITTLE DANCE OF 2005: HOW NWS BRIBED MYSPACE MANAGEMENT AND KEPT IT OFF THE BOOKS

The AcquisiCon of MySpace in 2005 according to SEC lings Disclosed $650 million was paid by News Corp in total. New Evidence Shows at least an extra $70 million o balance sheet commited In bribes to insiders. The SEC is being noCed and sent this evidence As of August 10, 2011. While at same Cme, MySpace Shareholders Will submit this evidence to Federal udge via moCon this week In current Brown v. Brewer case. But this should take the public step by step On how News Corp operates with their lawyers and advisors In a criminal manner

JP MORGAN REPORT JULY 16, 2005 - Opportunity to acquire Myspace.com at signicantly under fair market value New Evidence the 10,000 MySpace Shareholders Are submi=ng into Federal Brown v. Brewer Via new moCon + submission to SEC ( 8/8/11)

-Class has determined it worthwhile to Request the SEC iniCate new invesCgaCon into New evidence showing News Corp played an acCve And direct role paying a $70mln not SEC disclosed 14a ViolaCng inducement or bribe to Intermix managemet In 2005. Plan to add defendant Directors of News Corp this week

 PAGE TRANSLATION/COLOR/HIGHLIGHT Page 2- Jp Morgan report to News Corp shows recogniCon by NWS board and red ag that NWS had somehow obtained, "PotenCal to acquire MySpace.com at signicantly under fair market value" because the public markets are supposed to be protected by SEC and precedent like Revlon that minority passive shareholders can depend on ge=ng "FAIR MARKET VALUE" when their stock/shares acquired. Page 3- shows Intermix/Myspace evidence that was never disclosed in State Class acCon discovery and such evidence creates nancial forecasts signicantly higher then the forecasts Intermix created and gave to its investment bankers to create fairness opinions that found the $12.00 per share price fair (a $580mln value which we now know was signicantly below the $1.4 Billion valuaCon that JP Morgan had reported MySpace alone was worth as of July 16, 2005 report to News Corp which allowed their conclusion in page 2, i.e. "potenCal to acquire MySpace.com at signicantly under fair market value" Page 4- excerpts from the News Corp employee's book published in mid 2009 called "Stealing MySpace" - while some of info is accurate in book its really a corporate white washing by NWS as they knew I had given many email evidences to the writer of book who worked at WSJ pre buyout (I had given her evidence in 2006,etc.) and then post NWS buyout she became co-opted and allowed NWS to eecCvely alter the true story/facts thru her book to help try to inuence potenCal jurors/regulators as they knew they likely would be in posiCon of a Federal Judge or honest member of judiciary recognizing that indeed NWS had aided and abeqed or directed defendants led by CEO Richard Rosenblaq, defrauding shareholders of MySpace that are now 10,000 PlainC Class Members in Brown v. Brewer in play in Federal Court

Page 5- a) color of defendants aims/goals/incenCve to defraud and steal from shareholders. b) part of NWS scheme was to have Rosenblaq displace the ibanker Viacom was originally using as Viacom played cleanly and never got a chance to bid because Rosenblaq hired 2nd banker just to make TWeisel stop helping/facilitaCng Viacom Page 6- NWS/CEO quote of value he had acquired as of 12 months arer acquisiCon approx -$15Bln (thus a sort of boqom oor a Jury would likely nd in damages in Federal court Page 7- color from Angwin book (employee of NWS) helping to explain their learning of opportunity. Proof they were in discussions or talking to IAC and AskJeeves and Allen & CO (their banker) was handling sale for AskJeeves and reporCng to David Carlick, director of AskJeeves and also Chairman of Intermix/Myspace (which creates what we believe are new anC-trust claim - Clayton Act / SecCon 8 - Interlocking Directors Page 8- In May 2005, Deutche Bank gives Intermix/MySpace 'transacCon commiqee' a valuaCon report showing already MySpace was worth up to $1.7Billion. -Rosenblaq and Sheehan never show this to rest of board. and they purposely avoid hiring DB to do future fairness opinion they need to mislead shareholders and get bankers to agree $580mln/$12.00 is fair. Page 9 - Email evidence shows AOL involved but never disclosed in SEC documents. Shows beginning of Scienter scheme to bribe/pay o other insiders. NoCng here the amt starts as a potenCal $25-30mln bribe and increases signicantly by closing of deal (while never disclosed to shareholders such payment has been agreed to by NWS). Page 10- TransacCon Commiqee, Quandt (who before becoming board member was recruiter who recruited Rosenblaq and received a fee for such services) and Sheehan oered bribe to Rosenblaq to sell the company to News Corp or as directed and agreed to vest all his unvested stock opCons which was another o balance sheet obligaCon which should have been disclosed prior to the 3:45am nal board meeCng on July 18, 2005 where board minutes describe that at that point in Cme the Board determined to reward Rosenblaq by vesCng all his unvested opCons which was worth several million dollars.

Page 11- How NWS in its book its employee publishes tries to explain what later the public in 2007 comes to learn NWS has paid $70M+ to Chris Dewolfe. The book of course describes this quite dierently then evidence the NWS Board was looking at in approving deal and what was disclosed in SEC lings and proxy lings before the September 30, 2005 (where such payment or agreed compensaCon was omiqed) Page 12- The nancial forecast Intermix/Rosenblaq gave to bankers and Viacom was so below the bona de forecasts by Myspace management that insiders were literally ghCng Rosenblaq to update the nancials being distributed (of course Berman and DeWolfe stopped caring to push this issue, once NWS and Mr. Murdoch performed as his book describes, "the liqle dance" ($70M bribe) Page 13- undisputed facts that Judge King did see that add color (including fact that even Intermix/Myspace's banker TWeisel referenced the $1.7B true value that DB had cited as you can see that they use the # $1.6B true value to not seem like they got the info/# from DB's report. But of course their drar is erased by transacCon commiqee (sheehan/Rosenblaq/Quandt) so its never seen by rest of Intermix board. Page 14- Evidence of ibankers and News Corp calculaCng the $12.00 acquisiCon price given by Rosenblaq to be a $627.5M cost in total Page 15- Page from TWeisel that is removed (because it has the $1.6B #) from the fairness opinion and report they give board prior to Board agreeing to sign July 18, 2005 merger agreement. Page 16- News Corp at some point now begins to calculate the 'earnout' or 'bribe' thats needed and have oered $40M and a total $638M purchase price.

Page 17- News Corp increases as Cme passes in negoCaCons to now oering $670M Page 18- Now $ of o balance sheet payment has increased to $70M Page 19- Now $ of o balance sheet payment has increased and total cost has increased to esCmate by NWS of $709M (noCce that shareholders $12.00 price never increases during this Cmeframe) Page 20- Color and character evidence on CEO Rosenblaq + some glimpses at how eecCvely NWS acquired a 1 in million type of growth asset while shareholders never saw any of these metrics/info disclosed to them or public. Page 21- Evidence NWS now is bidding $750M as forecasts/upside of asset is disclosed to them (once again shareholders $12.00 price does not increase) Page 22- " " " " Page 23- Evidence of JP Morgan's valuaCon report where JP Morgan's top banker A. Zakour nds MySpace is already worth up to $1.4Billion. Note: Zakour is the banker David Carlick uses for AskJeeves/IAC merger months before. Arer Zakour puts together valuaCon report and deal working with Allen & Co in March 2005, he transfers to JP Morgan and then is engaged by NEWS Corp to complete this deal. Carlick just stays mum the whole Cme (thus explaining why Clayton Act SecCon 8 exists) Page 24- Evidence of increasing forecasts providing increasing money/ value for asset, but $12.00 price never increasing. Page 25- Color of CEO Rosenblaq and scheme to ensure there is no AUCTION. 4

Page 26- Color of CEO's dealings with NWS Chernin Page 27- More undisputed facts from Federal case. (these are what Judge saw to make June 2010 ruling staCng jury would likely nd bad faith/disloyalty) NOTE: Class Counsel RGRDLAW did not make any claims or eorts to add the bribery as a claim nor as a 14a violaCon (omission of this payment exisCng). So even by Cme Summary Judgement of NWS/defendants led by HHLAW in late 2009 (leading to Judge Ruling in June 2010), NWS had rigged the court proceedings so much of the new evidence was never turned into bona de new claims and were omiqed as certainly easy to win Summary Judgement claims that RGRDLAW could have made if it had not already been co-opted by this Cme.) Page 28- Color of CEO Scheming to delay Viacom and sneak thru with Fox before market opens on Monday AM so NWS can announce deal while Viacom thinks NWS is merely providing a binding bid/oer and Viacom will of course get a chance to make their bid/oer the upcoming week. Page 29- Evidence of the o balance sheet payment being agreed to by certain 'inside' Directors of Intermix/Myspace hours before merger agreement signed, i.e. "we need to give hoim the 20 percent thing he asked" Page 30- Color from deposiCon in State Case (one of many potenCal perjury points that can easily be won against Rosenblaq along with the larger damage claims) Page 31- Evidence of Rosenblaq/NWS changing the press release to omit any menCon that might lead to a shareholder understanding there is an o balance sheet $70M+ payment being made to get certain managers/insiders to go along with non-fair market buyout Page 32- Final press release - CLEANED Page 33- Viacom coming to understand slowly they are ge=ng misled. Page 34- DeWolfe arer he has been bribed and knows he will get the $70M is now helping mislead Viacom Page 35- Evidence there is no set date given to Viacom to get their bid in to be considered but rather NWS and Roseblaq are trying to close as quickly as possible (they wanted to close on Saturday but took too long as lawyers needed to bill some hours with diligence...)

Page 36- Evidence that NWS/Rosenblatt/Levinsohn had learned from Allen & Co. or AOL or Google that AOL was going to get a $20billion or wanted a $20Billion value from Google for a $1bln investment. And this was known before the merger agreement was signed. -Thus evidence of the MySpace Search and its value being known at this point or prior to shareholder vote and giving new upside to be negotiated and paid by NWS above the $70M bribe. (excerpt from book about Yang...reality is Yang is buddies with John Doerr Google board member and co-investor in many deals and his not knowing what was going on is nice touch....one would question that if Chernin thought Yang was 'going to be out of town it would appear Chernin knew Yang quite well already. And Yang had no contractual or ability to stop the MySpace 100% buyout and option right that was asset of public shareholders (this becomes a comical defense of defendants as to why they could not wait for a Viacom bid because they were afraid Yang was going to find a rival bidder and mess up the whole MySpace option and shareholders would lose on the value 'captured' by the genius of Rosenblatt and his team (although the fact that NWS was sitting on a valuation report by Carlick's banker that said it was worth $700m+ more then the $650M value Rosenblatt was trying to protect that might disappear or that NWS' exploding offer (NWS had threatened to walk away if deal was not signed by Monday) might cause to not exist, in retrospect shows the "The Producers" like scheming and scienter that makes this case the type NWS would like to avoid a Jury determining the outcome of. Page 37- Color of Rosenblatt emails prior to shareholder vote as value of MySpace as of July 18 2005 at $1.4B value of JP Morgan then increases greatly prior to September 30,2005 shareholder vote. -Rosenblatt and Intermix disclose no new info or revised forecast to public while privately he is quite clearly appreciating the new upside captured value being fraudulently conveyed to NWS. Page 38- Color on Rosenblatt- and how after July 18, 2005 merger announced at $12.00, it also victimized employees of Intermix/Myspace who had created the real value and who got short end of stick. And Rosenblatt faced angry employees who saw he vested his options while their unvested options were eliminated. Page 39- Shows over-performance of MySpace by August 2005 and provides evidence of Levinsohn continuing to fraudulently convey to marketplace even in 2011 the true facts and evidence. Page 40- Brad Greenspan, largest shareholder teams up to create rival bidder post-July 18, 2005 by contacting Viacom and other institutional shareholders and investors. Here he is contacting and providing proof that shareholders have gotten short end of stick. Page 41- Evidence of Levinsohn's 2011 Fraudulent concealment act i.e. Levinsohn knows quite well that if by August 2005 (with September 2005 certainly being a larger revenue # then August) that MySpace generated $3.9M for the month then by Levinsohn claiming in 2011 when questioned for an interview to be broadcast to public that MySpace was only "doing about $1 million a month" was an attempt to mislead the public and influence potential jurors or regulators. Page 42- sworn deposition grabs of testimony by Sheehan and Rosenblatt from State Class action. -Rosenblatt's evidence changes from State vs. Federal on DID THEY TELL TOM FRESTON THAT HE HAD TO BID BY SUNDAY TO GET OPPORTUNITY TO BID. -Clearly Rosenblatt in the State admits he did not and in the Federal + Book Rosenblatt claims he told Tom that Tom had to make a bid by Sunday or it would be too late (Freston was deposed for Federal and cites Rosenblatt did not tell him Viacom had to make a Sunday bid to be in the auction). -Yet another easy claim of Perjury to beat defendants on at jury trial 6

SENATE VS. SEC VS. DOJ -PARTIES LISTED BELOW HAVE READ EBOOK AND READERS AND INTERESTED PARTIES SHOULD CONTACT AND REQUEST TO BE UPDATED BY THESE CRITICAL WATCHDOGS AND PROTECTORS OF THE AMERICAN PEOPLE. TREAT THEM WELL AS THEY ARE HARD WORKING GUARDIANS OF THE AMERICAN PEOPLE. TIME WILL TELL AND ANSWER ALLWHO WILL RISE TO BECOME THE FAMOUS REGULATOR OR SENATOR TO THROW DOWN THE GAUNTLET AGAINST BRIBERY OF PUBLIC COMPANIES AT THE TIME OF SALE? John Rossetti rossettij@sec.gov Matthew Finnegan FinneganM@SEC.GOV senator@boxer.senate.gov, christine.ewell@usdoj.gov whistleblower@judiciary-rep.senate.gov, chuck_grassley@grassley.senate.gov congressman.issa@mail.house.gov scheduler@rockefeller.senate.gov, ellen_nedrow@lautenberg.senate.gov senator@inouye.senate.gov

Myspaces own internal forecast as of July 2005 which is lower then its current Historical growth it had been experiencing generates damage scenario Of $32.45 billion (takes into account $650 million cash has been paid to Date to Myspace Federal Shareholder Class.
NEW EVIDENCE JUST FOUND IN FEDERAL CASE. THESE ARE PART OF MANY DOCUMENTS THAT WERE FOUND SENT TO VIACOM DURING VIACOMS DILIGENCE, BUT WHICH WERE NOT PROVIDED TO STATE OR FEDERAL PLAINTIFF COUNSEL AS PART OF DISCOVERY REQUESTS REQUIRED BY DEFENDANTS IN 2009.

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FEBRUARY 2005

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Deutche Bank Prepared this for Intermix May 16, 2005

THE MISSING DEUTSCHE VALUATION REPORT THAT BOARD NEVER SAW BECAUSE DEUTSCHE WAS REPLACED BY TWEISEL AT LAST MOMENT SO THIS REPORT YOU SEE WAS NEVER SEEN BY FULL BOARD

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Price NWS Agrees to pay on July 12 Has increased to $709 million Up from July 8

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$680M buyout price Increases to $750M

previous

current

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Delaying Viacom while NegoCaCng for among Other inducements,An o balance sheet $70-90mln side payment/ Agreement made that Was a rm enough understanding It must have been disclosed In SEC disclosures. Not disclosing material CompensaCon = to over 12% compensaCon Likely to be found criminal.

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July 15, 2005- viacom #2

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Rosenblaq 2005 TesCmony At deposiCon

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July 15, 2005- viacom #2

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July - Aug 11, 2005- emails on myspace growth + graph

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Sep 13, 2005- email to shareholder and potenCal backer to vote against deal

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Ross Levinsohn claims on June 9, 2011 that MySpace was only generaCng $1 million per month when NWS acquired in 2005 Vs. evidence (email Levinsohn received on August 26, 2005) from then CEO, that MySpace generated $3.9 million in August 2005 and based on growth rate, September 2005, the nal month, MySpace likely generated $4.5 5.0 million for nal month,

Staci D. Kramer Jun 9, 2011 2:00 PM Whats Up With

MySpace (And Why Isnt Yahoo Interested)?

He oers two contexts for the MySpace acquisiCon: We bought a social networking site in 2005 before anyone knew what social networking was and now look at where social networking isso if you look at the trendline we were way head of the game. When we bought it, it was doing about $1 million a month; 24 months later we were on a run rate to do $500 million a year. Youd have to say that was a preAy good trajectory. Users went from, when we bought it, to 70,000 signups a day (which I thought was astounding), to the month I leI about 450,000 signups a day. So again, trajectory, unbelievable. The Google (NSDQ: GOOG) deal, at the Sme was a momentous deal, almost $1 billion virtually all to the boAom line. We paid $580 million and one deal paid for it plusand thats not to menSon growing revenue.

Ross Levinsohn is staCng Myspaces revenue when NWS Acquired it in 2005

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This is excerpt from book that defendants Brewer, Carlick, Rosenblaq co-write with Angwin around evidence and emails I gave Angwin (I read book in 2010 called Stealing MySpace wriqen by employee of News Corp and not disputed by News Corp

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THE END OF EBOOK #1 STAY TUNED

EXHIBIT A NEWS CORP ANALYSTS LETS ALL WATCH HOW THEY CHANGE THEIR RATINGS AS THEY BECOME AWARE OF MATERIAL NEW INFORMATION. WHO IS THE BEST ANALYST IN TERMS OF INFORMING THEIR INSTITUTIONAL CLIENTS? WHO WAITS FOR THE OTHER ANALYSTS TO BE BOLD?

EXHIBIT B- NEWS CORP DIRECTORS LETS ALL WATCH HOW AN IF NEW DIRECTORS JOIN NWS AS THIS IS THE BEST WAY FOR CORPORATE GOVERNANCE TO BENEFIT SHAREHOLDERS
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Goldman Sachs Drew Borst 212-902-7906 Drew.borst@gs.com Needham Laura Martin 917-373-3066 lmartin@needhamco.com Bank of America/Merrill Lynch Jessica Reif Cohen 212-449-3334 Jessica.reif@baml.com Barclays Capital Anthony DiClemente 212-526-1341 dclemente@barcap.com RBS Frasier McLeish 011-612-8259-5543 Fraser.mcleish@rbs.com

Credit Suisse Spencer Wang 212-325-9624 Spencer.wang@credit-suisse.com Deutsche Bank Doug Mitchelson 203-863-2364 doug.mitchelson@db.com

Goldman Sachs/JB Were Adam Alexander 011-613-9679-1451 Adam.alexander@gsjbw.com Wedbush James Dix 213-688-4315 james.dix@wedbush.com RBC Capital Markets David Bank 212-858-7333 David.bank@rbccm.com Nomura Michael Nathanson 212-667-9040 Michael.nathanson@nomura.com

BBY Limited Mark McDonnell 612-9226-0090 mmy@bby.com.au

BMO Capital Markets Jeffrey Logsdon 310-479-8680 jeffrey.logsdon@bmo.com

Citigroup Jason Bazinet 212-816-2191 Jason.bazinet@ciCgroup.com

BTIG Rich Greenfield 646-450-8680

rgreenfield@btig.com

Macquarie Andrew Kim 212-231-2631 JP Morgan Imran Khan 212-622-6693 Imran.t.khan@jpmchase.com

Ben.stretch@macquarie.com

Select Equities David Spotwood 61-2-9232-1833 salsa@netspace.net.au CS First Boston Jolanta Masojada 011-612-8205-4610
Commonwealth Bank Alice Bennett Alice.bennett@cba.com.au CLSA Digby Gilmour 612-857-14255 Digby.gilmour@clsa.com Evercore Partners Alan Gould 203-863-2364 Alan.gould@evercore.com Morgan Stanley Benjamin Swinburne 212-761-7527 Benjamin.swinburne@morganstanley.com

Cowen & Co. Doug Creutz 415-646-7225

Miller Tabak & Co. David Joyce 212-370-0040 djoyce@millertabak.com Lazard Capital Barton Crockett 212-632-6625 Barton.crockett@lazardcap.com Macquarie Research Alex Pollak 011-612-8232-5165 Alex.pollack@macquarie.com Collin Stewart Thomas Eagan 212-389-8115 teagan@collinsstewartllc.com

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Monday, 18 July 2011 / 14 comments Ranking the 16 News Corp directors for independence as regime change looms by Stephen Mayne

Viet Dinh: tough chairman of the corporate governance commiqee who has impressed at recent AGMs with forthright observaCons on governance issues. Was the architect of the Patriot Act for George W Bush and is a professor of law at Georgetown University. Clearly independent as only joined the board in 2004. Tom Perkins: well-regarded venture capitalist who at 79 and arer 15 years on the board, may not sound like a reformer, but has the runs on the board at Hewleq Packard. Peter Barnes: the former boss of Phillip Morris in Australia who was brought onto the board by former News Corp director and global Phillip Morris CEO Georey Bible, another Aussie made good in New York who was close mates with Rupert. However, Barnes has impressed as chairman of Metcash and Ansell in Australia and at 68 doesnt necessarily have much to lose if he joins the anC-Murdoch reform push. Jose Maria Aznar: the 58 year old former Spanish President is an unknown corporate performer who was rewarded with a News Corp board seat in 2006 arer being thrown out of oce, largely for supporCng the Murdoch-backed Iraq invasion. However, anyone who has risen to the top of poliCcs shouldnt be troubled by the scheming and number counCng needed to execute a regime change at News Corp. John Thornton: not strictly independent given the millions this former investment banker pocketed from the advice Goldman Sachs gave News Corp over the years, including on the original oat of BSkyB. However, hes an impressive gure with global experience and certainly no pushover for the Murdochs. Joel Klein: former Washington lawyer, Harvard scholar and boss of New Yorks public schools joined as an execuCve director in November 2010 to establish a new educaCon division for News Corp and has been given board oversight of the hacking scandal which included aqending the Parliamentary commiqee hearings. Aged 64 and reportedly earning $US2m a year before bonuses. Sir Rod Eddington: described as the lead independent director but as a former News Corp execuCve who was paid more than $10 million whilst running Anseq Airlines for the company, he is really aliated and unlikely to stand up to Rupert. David DeVoe: a very competent and level-headed nance director for the past 20 years who is respected by investors and would be a key man to retain if the Murdochs surrender management control. Andrew Knight: the 71 year old former chief execuCve of The Daily Telegraph and 20 year veteran of the News Corp board was Murdochs link to Thatcher during the 1980s and considered unlikely to lead a revolt, despite being the only non-execuCve director based in Britain. Natalie BancroO: 30 year old European-based opera singer whose selecCon to represent the former owners of Dow Jones was Ruperts idea of a joke. Her extended family are furious with Murdoch and publically condemning the hacking scandal, so she could yet stump up the courage to speak out publically. Chase Carey: CEO and deputy chairman who is regarded as inoensive and supporCve, unlike his predecessor Peter Chernin who was more likely to stand up to Rupert and ler arer opposing the over-priced Dow Jones acquisiCon in 2007. Lachlan Murdoch: eldest son who quit with a $US10 million payout in 2006 but has remained a director. Sold most of his $US100 million non-voCng News Corp share gir to fund other media investments and may have an appeCte for revenge on execuCves such as Fox News boss Roger Ailes who forced him out. James Murdoch: has stued his own chances of succeeding Rupert as global CEO and is now focused on staying out of jail. Unlikely to shar his old man or walk the plank himself. Arthur Siskind: former chief general counsel who rst worked for Rupert when he bought a newspaper in San Antonio in the 1970s. Considered an extremely loyal foot soldier to Rupert but is now 72 and reCred. Ken Cowley: most loyal Australian operaCve ler at News Corp who ran the Australian division for more than 15 years and joined the company when The Australian was launched in the 1960s. Aged 76 but expected to be loyal to the death. Rupert Murdoch: directors over the years aIer asking quesSons at 10 dierent News Corp shareholder meeSngs since 1999.

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