Search Results for 'News'

MySpace vanishes $254m from News Corp coffers

Television and film continue to be News Corp's core area of sales growth, even as other aspects of Rupert Murdoch's empire – including recently-sold MySpace and scandal-ridden News International – unsurprisingly had a [...]

Posted On : Aug, 11 2011 | Comments : 0

News Corp sells MySpace for $35 million

Media conglomerate News Corporation has sold MySpace to online advertising network Specific Media in a deal valued at $35 million, the Los Angeles Times reported on Wednesday. News Corp, based in New York, had acquired the once-dominant s [...]

Posted On : Jun, 30 2011 | Comments : 0

News Corp struggling to sell MySpace

News Corporation is struggling to find interested buyers for MySpace, with the list of potential bidders down to two, the Australian Financial Review has reported. The media giant was said to have only received a handful of offers for the [...]

Posted On : Jun, 02 2011 | Comments : 0

News Corp. does its best to pitch MySpace

News Corp., which is attempting to sell once-dominant social networking site MySpace, has distributed forward-looking documents to potential suitors, and even then the picture isn’t pretty, according to documents obtained by TechCr [...]

Posted On : Apr, 13 2011 | Comments : 0

News Corp Talks With Vevo About Myspace

It was reported this week that NY based News Corp, in attempt to reposition its social network Myspace as a hub for music, has reached out to online music video network Vevo about a possible deal. News Corp has been attempting to offload [...]

Posted On : Apr, 02 2011 | Comments : 0

News Corp. Said to Approach Vevo.com About Myspace Joint Ven...

News Corp. is in talks to hand over control of Myspace to Vevo.com, the online music website partly owned by the world’s biggest record companies, according to three people with knowledge of the situation. The talks are prelim [...]

Posted On : Mar, 29 2011 | Comments : 0

News Corp Too Greedy About MySpace Sale?

The idea was first put on by MySpace CEO Jason Hirschhorn. If MySpace is for sale, one of the few companies that would care enough to make a bid would/should be Zynga. I thought Nicholas Carlson argued the point well and his valuation es [...]

Posted On : Mar, 08 2011 | Comments : 0

Murdoch's News Corp begins MySpace sell-off

News Corp has commenced the process of selling off social networking site MySpace, the company it acquired in 2005 for US$580m. The floundering site is expected to be of interest to private equity firms who may turn it around.As evinced [...]

Posted On : Feb, 28 2011 | Comments : 0

News Corp kicks off Myspace sale process

The media conglomerate has received early interest from around 20 parties so far and expects to receive more inquiries as the process develops in coming weeks. Reuters reported earlier this month that News Corp had tapped boutique invest [...]

Posted On : Feb, 25 2011 | Comments : 0

News Corp Hires Allen & Co To Seek MySpace Sale -Source

News Corp. (NWS, NWSA) has hired Allen & Co., the media investment banking firm, to explore a sale of social-networking site MySpace, according to a person familiar with the matter. The media giant, which owns this newswire and The W [...]

Posted On : Feb, 06 2011 | Comments : 0

News Corp taps Allen & Co for MySpace interest

The global media conglomerate is considering a handful of options for the future of MySpace, the once-hot Internet social network that has fallen far behind faster moving rival Facebook. One source close to the process said an auction fo [...]

Posted On : Feb, 05 2011 | Comments : 0

MySpace Costs News Corp. $275 Million In Just Three Months

MySpace is still up for sale, and News Corp. is claiming a lot of interest - which is probably a good thing, considering the site has cost the company $275 million in the last three months of 2010 alone. MySpace was responsible for dragg [...]

Posted On : Feb, 04 2011 | Comments : 0

News Corp. considers spinning off Myspace

News Corp. raised the prospect of spinning off struggling Myspace, a signal that the media giant is getting ready to pull back from or exit social networks after being overtaken by Facebook. President and Chief Operating Officer Cha [...]

Posted On : Feb, 03 2011 | Comments : 0

More bad news for MySpace

To not compete directly with Facebook. That’s just about all MySpace can hope for at this point. Last week the once-pioneering/now-struggling social media site announced it would send 500 employees walking, nearly half its workforc [...]