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News Corp. lost a quarter of a billion dollars on Myspace

News Corp. lost a quarter of a billion dollars on Myspace
  • Posted August 12, 2011, 12:30 PM by Shawn Knight | Filed in The Web
  • 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.

Specific Media buys Myspace for $35 million from News Corp.

Specific Media buys Myspace for $35 million from News Corp.
  • Posted June 29, 2011, 6:30 PM by Emil Protalinski | Filed in The Web
  • Specific Media, a digital media company, has announced it has acquired Myspace, previously called MySpace but now stylized as My_____, from News Corporation. As part of the agreement, News Corporation will take a minority equity stake in Specific Media.

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