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News Corp. is Thinking of Selling 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_____.’

  • icepick314
    and I thought it was dead...

    who knew it's still alive...
    Reply
  • 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.
    Reply
  • Stryter
    How about they just put a bullet in its head and bury it. Just put myspace out of its misery.
    Reply
  • TomsSound
    The My_______ logo is ironic.
    Reply
  • rmmil978
    Next logo? ____ _______.
    Reply
  • aaron88_7
    dogman_1234This 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.

    Reply
  • 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.
    Reply
  • JOSHSKORN
    aaron88_7Tom'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.
    Reply
  • 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.
    Reply
  • joytech22
    zhuiqui61do 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.
    Reply