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New Myspace goes live, focuses on social music
- After several months in beta, Myspace has once again opened its doors to the public. Formerly the most prolific name in social networking, stakeholders are hoping the site's daring revamp, Justin Timberlake's involvement and its newly found focus on music…
News Corp. lost a quarter of a billion dollars on Myspace
- In a recent News Corp. conference call discussing the company’s fiscal fourth quarter earnings, it was disclosed that the media conglomerate had lost $254 million on the purchase and subsequent sale of social networking site Myspace.
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