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According to Reuters, Online teen social hangout MySpace.com ranked as the No. 1 U.S. Web site last week, displacing Yahoo Inc.’s top-rated e-mail gateway and Google Inc.’s search site. News Corp.’s MySpace accounted for 4.46 percent of all U.S. Internet visits for the week ending July 8, pushing it past Yahoo Mail for the first time and outpacing the home pages for Yahoo, Google and Microsoft’s MSN Hotmail.

News Corp purchased MySpace for $580 million last year as part of a strategy to rapidly build up the media conglomerate’s Internet presence.