In May, Fox News bought a minority stake in a Web video-based college news network featuring student reporters called Palestra.net. This fall, they'll be ramping up the partnership. It's the latest--and boldest--move by a major media company to capitalize on America's some 6.1 million undergrads. Palestra.net goes further. Focusing on news, sports, business and entertainment features, it pays student reporters $240 to $300 to produce three news packages a week for the Web site--and Fox's cable networks. More than 10 pieces of student-reported Palestra content a week should be running on both the Fox News Channel and Fox Business Network by the fall as the school year restarts and the presidential campaigns swing into high gear.http://www.forbes.com/2008/08/15/fox-palestra-news-biz-media-cx_jea_0818fox.html?feed=rss_news
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