What's happened to Murdoch?

[Keyword: onlinejournalism]. Suddenly he's throwing money at the web. Not content with declaring the need for newspapers to wake up to the net, and spending a stupendous amount on internet company Intermix media, he's now reported to be "expect[ing] to invest another $1bn or so in online properties", including a search business. The Guardian goes on to say "He hopes to build an internet portal that would exploit the range of assets owned by the sprawling company." Ah yes, portals. I remember them.