"Will Sumner Redstone ever get over being bested by Rupert Murdoch in the bidding for MySpace two years ago? Maybe. Fortune has learned of two stealth projects that Redstone's company, Viacom, has in the works for its MTV Networks unit. One is a twist on social networking called Flux, the other involves an investment in upcoming online video site VBS.tv, and both suggest that Redstone's company may actually be on to something." [Fortune]