MySpace News Archive
19-Oct-2008
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 ...
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.
Could Facebook Music Follow MySpace? (FMQB) Meanwhile, private equity investment in MySpace Music unlikely.
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
Lakeville / On MySpace, they're so boyishly ordinary (Pioneer Press) On MySpace.com, they weren't so different.
Pregnant Jameson shows some skin (New York Daily News) It's good to see pregnancy hasn't changed Jenna Jameson. The ex-porn star is showing some skin on her MySpace page - albeit with the intention of showing off her burgeoning baby bump.
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! ]]
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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