Big Investments at MSN
MSN plans on spending US$500 million on AdCenter, Windows Live and other online services this year to bolster its competitive edge. Advertising revenue on the network declined 3 percent from the same period last year. In fiscal 2006, the unit posted a US$2 million profit. Microsoft Chief Financial Officer Chris Liddell forecast revenue for the online unit to increase between 7 percent and 11 percent in 2007.