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

Emil

Posts: 152   +0
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…

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B

be_patient

I don't even understand why you would spend 35 million on it.
 

Julio Franco

Posts: 8,732   +1,634
Staff member
It's a big bet but myspace still receives a ton of traffic (for now) even though it's plummeting at an accelerated pace.
 

treetops

Posts: 3,064   +784
News corp. is what killed it in the first place, no one trusts a company that owns fox news.
 

Xclusiveitalian

Posts: 836   +237
Myspace needs to go away! No one uses it anymore except music artist and spammers, honestly, everyone went to facebook so they can have all there data stolen at a much faster rate!
 

example1013

Posts: 263   +0
News Corp. owns a lot more than just Fox News. In fact, I'd wager that News Corp owns some nutjob liberal thing somewhere, too.