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News Corp. is Thinking of Selling MySpace

- By - Source : Bloomberg

Is News Corp. ready to ditch MySpace?

MySpace has had a rough couple of years. Though it was once considered the leading social network, it has been trailing in the shadows of Facebook and Twitter for quite some time. Earlier this week the site announced the downsizing of its workforce. The move saw 47 percent of MySpace staff laid off. However, it seems News Corp. may have more than just fat-trimming on the cards for MySpace.

Word on the street says News Corp. is considering selling the social network it acquired for $580 million back in 2005. If not an outright sale, sources say the media conglomerate is at least contemplating spinning off the social network to form an independent company. CEO Mike Jones is said to have told employees of News Corp.’s plans during a staff meeting earlier this week, around the same time the company laid off 500 people. A spokesperson for the social networking site confirmed the rumors.

“News Corp. is assessing a number of possibilities including a sale, a merger and a spinout,” Rosabel Tao is quoted as saying. “The process has just started.”

MySpace recently underwent a redesign in what was largely  seen as an attempt to breathe new life into a dying brand. The new branding saw the site’s logo change from the well-known ‘MySpace’ lettering to ‘My_____.’

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icepick314 01/14/2011 4:25 AM
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and I thought it was dead...

who knew it's still alive...

dogman_1234 01/14/2011 4:25 AM
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This will happen to Facebook as well. Social media will go away when there is a new interface...a better, more safer/user friendly interface.

Stryter 01/14/2011 4:43 AM
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How about they just put a bullet in its head and bury it. Just put myspace out of its misery.

TomsSound 01/14/2011 5:11 AM
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The My_______ logo is ironic.

rmmil978 01/14/2011 5:38 AM
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Next logo? ____ _______.

aaron88_7 01/14/2011 5:41 AM
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dogman_1234 :
This will happen to Facebook as well. Social media will go away when there is a new interface...a better, more safer/user friendly interface.


If Facebook users cared about privacy it wouldn't be as popular as it is. Facebook definitely is nothing but a fad right now, I'd be surprised if it isn't anything more than a joke in 5 years, (kinda like how we are now ripping on myspace).

The only reason Facebook has held on for so long is they have done a good job at integrating with websites to make it easier for people to avoid signing up to multiple websites, now we can just log in with our facebook account. But I'm sure Google will find a way to do that and much more and do it better....then we'll all be on whatever Google's social network is, or whatever other company/programmer comes up with.

aaron88_7 01/14/2011 5:50 AM
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Tom's, you really need to block all IP addresses originating from China. That is where this spam is coming from. I don't think anybody here is Chinese anyway so it's not like you'd loose any visitors that are worth keeping.

JOSHSKORN 01/14/2011 6:05 AM
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aaron88_7 :
Tom's, you really need to block all IP addresses originating from China. That is where this spam is coming from. I don't think anybody here is Chinese anyway so it's not like you'd loose any visitors that are worth keeping.


That and block those using proxies to hide their IPs.

Anyway, why is MySpace still alive? Does "Tom" even use it anymore? Anyone I talk to says they haven't even signed onto their MySpace account for a couple years.

kingnoobe 01/14/2011 6:09 AM
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You can't make something like facebook any more safe (maybe on a code level as far as their security goes). But it's usually you're average joe/jane that get themselves into trouble. Just like anything else (open wifi routers, etc..). Then they bitch and whine when people find out their info that THEY posted.

Now facebook could just be a fad, but until somebody does it better it's gonna be around. Also remember you're not the center of the universe just because you don't like something doesn't mean it sucks for everybody.

joytech22 01/14/2011 6:11 AM
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zhuiqui61 :
do you want to have some different things?



What kind of "Things" besides clothes do all you and your friends, cousins and other various source of spammers sell?

If you started selling computer parts you'd be rich in almost 10 minutes.

joytech22 01/14/2011 6:12 AM
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joytech22 :
What kind of "Things" besides clothes do all you and your friends, cousins and other various source of spammers sell?If you started selling computer parts you'd be rich in almost 10 minutes.



I forgot to say stuff about the topic:

Myspace was a dying/dead website anyway and won't be a loss to anybody if they sell it.
In fact anybody who buy's it better have a trick up their sleeve or be planning to sell their server hardware.

mayankleoboy1 01/14/2011 7:06 AM
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is it still there?

itchyisvegeta 01/14/2011 7:31 AM
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News Corp bought Myspace? This is news to me.

distanted 01/14/2011 12:21 PM
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$580 million....hope they at least can salvage a few dot matrix printers and some 56k modems.

wild9 01/14/2011 1:13 PM
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aaron88_7 :
If Facebook users cared about privacy it wouldn't be as popular as it is. Facebook definitely is nothing but a fad right now, I'd be surprised if it isn't anything more than a joke in 5 years, (kinda like how we are now ripping on myspace).The only reason Facebook has held on for so long is they have done a good job at integrating with websites to make it easier for people to avoid signing up to multiple websites, now we can just log in with our facebook account. But I'm sure Google will find a way to do that and much more and do it better....then we'll all be on whatever Google's social network is, or whatever other company/programmer comes up with.



On the Google issue. I notice increasingly, more and more services being administered from one Google account, in particular You Tube. To complicate matters, you can register a Google account via a non-Google email.

All this is supposed to bolster security, whilst (as you stated better than I could), integrating a lot more functionality into a single account. I think that on the security front, registering several websites from one account is the worst thing you can actually do. All it takes is someone to compromise the main account, and they have access to all your domains, all your interests, all your emails, private messages, pictures..the lot. It makes it much easier for an unknown entity or entities to both monitor and control what you do on the Internet. Try registering a YT account without using Google..try logging into YT without being reminded of needing a Google account first.

I accept Google recently owned the rights to YT, but this whole centralized approach does make me wonder what will happen when more and more of our data is stored in this manner, especially given the influence some of these private interests have on public policy. Sure, it's cool to log into one portal and have be kept-up-to-date with whatever takes your fancy, but in the wrong hands it's a dangerous tool.

wild9 01/14/2011 1:23 PM
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aaron88_7 :
Tom's, you really need to block all IP addresses originating from China. That is where this spam is coming from. I don't think anybody here is Chinese anyway so it's not like you'd loose any visitors that are worth keeping.



I am also fed up with the sheer amount of spam coming into the forum. I don't know where it's from, but a lot of times I notice the same or similar messages coming up. I proposed a filter system whereby certain keywords (such as links), are deemed as spam and hence deleted and flagged, or alternatively a marshal system whereby known and respected members who routinely view the boards, can delete only messages they deem as spam. The messages could then be sent to a sorting area for deeper scrutiny. Do you think it is a good idea or junk?

I think it would be unwise and unfair to deny access to all Chinese people..why penalize the many for the sake of the few? I'm sure there's a lot of English-speaking Chinese people around too. They've all done nothing wrong, unlike the complete and utter spamming moron's I would like to see action taken against.

wild9 01/14/2011 1:36 PM
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Why isn't MySpace doing so good? Does it offer most if not all the services other social networking environments offer? It's got feeds, right? It's a place to meet other people and keep up-to-date with what's going on in their world..I'm just wondering why a lot of people prefer Twitter.

Maybe it's the general trend these days, of people using something not so much because it's actually useful, entertaining or educational, but because well, everyone else is using it. I get lots of friend requests for facebook and Twitter, but to be honest, most of the time I can't be bothered especially given the privacy and security issue. There seems to be an abundance of people (as on MySpace), who's only purpose in life is to look and sound trendy, sell themselves in the name of corporatism and use you as advertising space under the guise of genuine friendship. I noticed the same happening on YT the moment certain video's got above a high hit count..out they come from the woodwork, reeling off the same messages they were sending to others.

Basically what I am saying is, maybe there isn't too much that's wrong with MySpace that can't be fixed. Maybe it's just people becoming bored with it and looking for the next 'fix'..and corporations with insane amounts of marketing revenue able to tap into their subconscious in order to create sales and agendas, much the same way the Obama administration did to get him in office. If that's the case the FB will go the same way as the rest.

hellwig 01/14/2011 3:42 PM
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wild9 :
Why isn't MySpace doing so good? ... Maybe it's the general trend these days, of people using something not so much because it's actually useful, entertaining or educational, but because well, everyone else is using it. ...Basically what I am saying is, maybe there isn't too much that's wrong with MySpace that can't be fixed. Maybe it's just people becoming bored with it and looking for the next 'fix'...... If that's the case the FB will go the same way as the rest.


I remember when MySpace was big and Facebook was brand new, Facebook was actually known as a site more for college students (mainly ivy leaguers) than it was for the general public. It was seen as more grown-up (almost a junior LinkedIn if you will).

Of course, Facebook adds Farmville and all the sudden everyone realizes Facebook is for them. "Facebook isn't just about sharing your educational preferences, it can be fun and exciting too!" people would tell themselves. MySpace quickly became just a sight where underage girls and pornstars post provocative pictures of themselves, and fell to the wayside (plus the fact that 99% of Myspace pages are so over-burdened with Javascript that they won't run on any computer, no matter how powerful).

Eventually the next big site will come around. People will stop bugging me about how I don't have a Facebook or Twitter account. Instead, they'll insist that I absolutely must get a Twizzelgabrug account, and that I'm a luddite or fool if I don't. And if you do get such an account, you'll be spammed with messages of people begging you to prune their rose-bushes in the latest FlowerTown game. Tom's Guide will have give-aways where you have to log in to Twizzelgabrug AND Fleemob, checkmark the BestBuddy icon, and then post in the forum.

It's all bull-crap. These sites (most of the internet actually) are just there so people can busy themselves. I enjoy the internet too, but what bugs me is how powerful these sites are becoming. Maybe I don't want to Facebook or Twitter, guess what, there are literally millions of other websites I can check-out. And since my entire life isn't tied up in any single one, when they all eventually fall to the wayside, it won't be that much of a loss really.

God, if I could even begin to list all the websites I used to frequent that no longer even exist.

belardo 01/14/2011 4:27 PM
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Wouldn't "My ______" = My Underscore or My Underscoring?

Perhaps "My blank"...

Whatever... newscorp was part of the problem anyways, after all - they are the company of wolf-boy and other crap in supermarket trash-mag area.

requiemsallure 01/14/2011 4:40 PM
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kingnoobe :
You can't make something like facebook any more safe (maybe on a code level as far as their security goes). But it's usually you're average joe/jane that get themselves into trouble. Just like anything else (open wifi routers, etc..). Then they bitch and whine when people find out their info that THEY posted. Now facebook could just be a fad, but until somebody does it better it's gonna be around. Also remember you're not the center of the universe just because you don't like something doesn't mean it sucks for everybody.




you could make facebook more safe when you log in to facebook it would be easy to get your password from you. facebook doesn't use secure login no SSH/TLS. it has the ability to do it but it isnt even the newest version of TLS that facebook CAN implement, and even that isnt inabled by default. Also the hash your password is stored in on facebook is in MD5 which can be descovered pretty easy even if you dont initially sniff the password out. my home computer could probably create a collision with a MD5 has in about 20 seconds... and people think they are secure.

joebob2000 01/14/2011 5:30 PM
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Myspace is failing because NewsCorp bought it and didn't realize the breitbart sites were where all their readers/viewers flocked to already. Changing course on that is next to impossible. They need to just rename it RightSpace, paint everything red, and offer little "nobama" avatar icons. At least then it will be true to itself, and maybe they will attract some of their own customers to cross over.

pinkfloydminnesota 01/14/2011 5:47 PM
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I don't see facebook dying anytime soon. It's useful on a number of fronts and everyone is familiar with it. What replaces it's unique ability to keep people in touch with each other across time and space so simply. It's easy to protect your privacy: don't share private things.

mayne92 01/14/2011 6:52 PM
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You people can "underscore" all you want, fact is, what the logo is is not an underscore but the "space" symbol. So in my eyes, quite a few morons here.

CoryInJapan 01/14/2011 7:48 PM
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The new redesign is was killed w/e life it had left in it for me...They totally ruined it

maestintaolius 01/14/2011 11:55 PM
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Clearly, Myspace's decline is evidence of a mainstream liberal media plot to destroy News Corp.

rj7658 01/15/2011 3:16 AM
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the reason I hate myspace is also the reason why I liked it for so long. You was able to change your layout of your profile, instead of everyone has the same CSS. When the fake accounts started showing up with the layout that send you to a different site or all of the spammers,thats when it was time to get out of dodge.

eddieroolz 01/15/2011 4:53 AM
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Yeah, as if anyone will buy a dying brand.

BinaryCode 01/17/2011 12:52 PM
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Facebook will die get over it.Twiiter FTW LMAO --_--

razorblaze42 01/17/2011 9:52 AM
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Yea the spam sucks...but why all the racism against the chinese? could be some idiot from Jersey...for all you know.

rhino13 01/17/2011 3:32 PM
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I just wonder what's going to bring down facebook?

Not that I actually care about either myspace or facebook.