Simplify the following text for a Grade 12 native English-speaking person.
Original: News Corporation 's Digital Media Group ( NDM ) , also known as News Corp. . Digital Media and formerly Fox Interactive Media , oversees the Internet business operations of media giant News Corporation , and was formed to oversee News Corporation 's new media acquisitions , including IGN Entertainment , MySpace and Photobucket .
Simplified: Digital Media is a subsidiary of News Corporation .