Feb. 4 at 5:55 p.m.
Filed under:
Internet,
M&A,
Media
By Reuters
News Corp. has tapped Allen & Co. to field buyout interest for MySpace and has heard from about 50 parties, people familiar with the process told Reuters Friday.
The global media conglomerate is considering a handful of options for MySpace, the once-hot Internet social network that has fallen far behind faster moving rival Facebook. Get the full story »
Jan. 11 at 11:19 a.m.
Filed under:
Internet,
Layoffs
By Associated Press
Struggling entertainment site MySpace says it is cutting 47 percent of its staff worldwide, or about 500 people.
Mike Jones, the chief executive of MySpace, said in a statement Tuesday that the cuts are “tough but necessary” and have been taken to put the site on a path to growth and profitability. Get the full story »
Oct. 27, 2010 at 6:05 a.m.
Filed under:
Computers,
Internet
By Reuters
MySpace launched a new version of its Web site centered around music and entertainment, as the social networking company attempts to regain its former appeal in a market it helped create.
MySpace Chief Executive Mike Jones said that News Corp-owned MySpace is no longer seeking to compete head-on with social networking company Facebook, and is recasting itself as a complimentary service that he hopes the 35-year-old-and-under crowd will flock to to stay abreast of the hottest music and videos. Get the full story »
Sep. 21, 2010 at 1:46 p.m.
Filed under:
Consumer news,
Internet
By Associated Press
The MySpace redesign set to launch in mid-October may be so jarring that the social networking site could lose members at first. That’s according to Jon Miller, the chief digital officer of MySpace parent company News Corp. Get the full story »
