In a recent interview with Reuters, COO of News. Corp Chase Carey revealed that his company is open to selling MySpace. Carrey called the recent revamp of the once-mighty social networking site into a “social entertainment” portal a success. “My__”, as the site is now known, is thus a more marketable online property more likely to attract merger and outright purchase bids.
While Carey insists that the site is now in a position to turn itself around, he remained on a recovery timetable. He does expect the new version of the site to become profitable sooner than later: “I’m not going to break down (the number of) quarters. It's not years ... We need to deal with this with urgency.”
The “old” MySpace was originally acquired by News. Corp for $580 million back in 2005. While a 2006 three-year advertising deal with Google worth $900 million allowed Rupert Murdoch’s media conglomerate to recover its investment, the site steadily lost ground in the social networking industry to competitors like Facebook and Twitter.
According to Salon, MySpace “reportedly directly caused a $156 million operating slump in News Corps' digital media sector last quarter.”
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I hope that whoever decides to buy MySpace is aware that it is going to be a huge financial loss. Good luck to them
I can see why it's going/went down, I don't use any of the social sites much but I do have myspace and facebook accounts from a few years ago and Myspace is terrible.
I been logging in a lot lately to clean the spam that comes in the form of fake friend invites (big issue) and it always seems that the connection times out a lot, so that's two issues right there.
Plus it seems myspace is not even relevant except for on tv where characters drop its name as something people are still using when in reality they are not. Myspace has gone the way of single core cpu's, celebs having decent fashion sense and good hip-hop.
Meet a chick on campus she'll pass her number and ask you to follow her on twitter, need to set up a study group they say send me a note on FB.
I aint heard nobody mention myspace for a couple years now except for on tv which is always a few years behind.
Whats Myspace? Like a bedroom designer website or something?
MySpace was the shi* a few years ago you could post a buttload of pics full screen with music added and graphics much better than the generic Facebook or worse Twitter. But its gone by the wayside the younger generation now doesnt even know what it is lol.
alright i think i have some loose change around here 3 quarter 2 dimes 1 nickel and a couple pennies should be enough right?
who would buy a bewildering mess of code?
who would buy a bewildering mess of code?
I would, and I would fill it with porn. There will always be money in that market.
My______,
(stupid no edit)
My_______, ---- First, Swinger Party, Donkey, Butt.....etc
Carey or Carrey?
Also, GO TO HELL spammers!
Also, TH - put a filter!
crazy
I may buy it, rename it to Spacebook, and sell it to Zuckerberg at a price he cannot afford.
I still check out MySpace occasionally for listening to local bands to see if I want to see them play. Other than that, nobody has used MySpace for a personal social site in a long time.