News Corp open to MySpace sale

Five years after spending $580 million to buy MySpace, a News Corporation executive has admitted the company is open to selling off the social networking site.

Reuters reports via The Sydney Morning Herald that a sale or partnership are among the options being considered. News Corporation chief operating officer Chase Carey refused to indicate how long his organisation would take to consider its next move, but indicated they were happy with MySpace's new direction.

In October, the once-popular social networking site unveiled a redesign, dropping the word ''space'' from its logo in favour of a blank space. The gap, it was argued, was “a space where people can express themselves, enabling users to personalize the logo and make it their own - just as they can through Myspace.”

Less than a month later, MySpace announced a partnership with Facebook, allowing users to register and log in to the site using their Facebook credentials. While many have predicted the demise of a site which once dominated the social networking landscape, Mr Carey has previously said he expects MySpace to become profitable sooner rather than later.

‘‘We think it can be a really interesting business. It has some real assets,'' he said at the Reuters Global Media Summit last week.

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21 Comments

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At the moment it looks like Microsoft own MySpace with a massive advert that expands to take up pretty much the entire page.

astroX said,
awww .. am I the only one who feels sorry for MySpace? It was the first social network I joined to ...

It was the first a lot of us joined so I know what you mean. But after a while it just got annoying. All the stupid requests and people like jefree star ugh Myspace started to become a crappy place.

Alls they did was alienate the users who they were still holding onto. The new site design looks like crap, isn't simple at all, and sucks to navigate. This is what happens when you have a site run by a company that's run by an idiot that believes in "paywalls" for news and that the internet is unholy as sin and will kill his evil empire.

The latest design is just as crappy as the previous one. The biggest problem is that they continue to throw large adverts at users in an attempt to generate revenue, whereas Facebook has always tried to make money in less obnoxious ways. And they gave up trying to be original years ago, instead trying to copy Facebook and Twitter at every opportunity.

If they want to have any success they should drop trying to promote mainstream artists like Beyonce and Mariah Carey and go back to being a way to promote new underground music. That was when they were success and every site redesign has taken them further and further away from that.

Again, crappy social media outlets have no place among many technology fans. I'm not into reading what kinda breakfast you had or what crappy cell phone pics you took on your Saturday night. I wanna read tech sites and test things. Forums are best! It's focused and often has useful comments that actually can make you laugh or answer a question. Way more flexable if you ask me.

DATmafia said,
Again, crappy social media outlets have no place among many technology fans. I'm not into reading what kinda breakfast you had or what crappy cell phone pics you took on your Saturday night. I wanna read tech sites and test things. Forums are best! It's focused and often has useful comments that actually can make you laugh or answer a question. Way more flexable if you ask me.

That's why I've been a regular of Neowin for 2+ years

DATmafia said,
Forums are best! It's focused and often has useful comments that actually can make you laugh or answer a question.

We obviously read different forums.

And if your friends are posting updates about what kind of breakfast they ate, it speaks more about the type of friends you have than the quality of social networks.