MySpace News Archive
18-Oct-2008
MySpace wants to remind you that glitter text on profiles makes bank [Earnings] (Valleywag)
Downturn? What downturn? Strategically placed sources are whispering that MySpace is likely to hit $1 billion in annual revenue, a jump from its $850 million in revenue last year. The milestone is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
First Bytes: Facebook, MySpace, Google, Yahoo, IBM, AMD, Sony Ericsson (Portfolio.com via Yahoo! Finance)
-- Facebook C.E.O. Mark Zuckerberg says he's getting into the online music business to take on MySpace Music. [Yahoo ]--IBM, bringing in big business even in a downturn, shows a 20 percent profit increase this quarter thanks to strong global sales.[NYT ]--Sony Ericsson posts a third quarter net loss of $33.7 million while sales volumes beat analysts' expectations.[Yahoo ]--Chip maker AMD shows ...
News Corp Rethinks Private Equity Investment In MySpace Music; Too Complicated, Not Necessary (CBS News)
You're reading it here first ... That Hulu-like private-equity set-up for the much-hyped MySpace Music isn't on the front burner and may not ever happen, according to sources familiar with the situation. There are several reasons that boil down to this: News Corp (NYSE: NWS) and MySpace don't see the need to try to do something as complicated as a full spin-off given the way MySpace Music has ...
MySpace Could Reach A Billion This Year (WebProNews)
Things aren't looking too bad for MySpace right now in the financial department. As the economy is in a shambles, MySpace seems to be one of the businesses poised to overcome it and actually see growth. read more
Investment Plan for Myspace Music on Back-Burner, Report Says (New York Times)
Potential plans by News Corporation to bring in private equity investments in Myspace Music have been put on the back-burner, PaidContent reported. Earlier this year, MySpace announced that it would turn its popular MySpace Music site into a joint venture, bringing in Universal Music Group, Sony BMG Music Entertainment and Warner Music Group as minority owners.
News Corp Rethinks Private Equity Investment In MySpace Music; Too Complicated, Not Necessary (paidContent.org via Yahoo! Finance)
You're reading it here first ... That Hulu-like private-equity set-up for the much-hyped MySpace Music isn't on the front burner and may not ever happen, according to sources familiar with the situation.
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