MULTIPLY AND ABS-CBN ANNOUNCE MULTI-YEAR ADVERTISING AND REVENUE-SHARING AGREEMENT

Multiply is a social networking site, much like friendster… Heard of rumors that Multiply is now owned by ABS-CBN, question is why a Philippine TV network buy an international social networking site?
Could it be that ABS-CBN is venturing to Web2.0, they already have several (crappy) websites [...]