corp

According to reports, MySpace has been sold by News Corp to advertising network Specific Media for an estimated $35 million. The total sum is apparently a mix of stock and cash, with News Corp holding on to about 5 per cent of MySpace. Unfortunately ... for MySpace staff, the move won't be a happy one. The deal between News Corp and Specific Media is reportedly contingent on MySpace cutting half of its 400 staff members, meaning that layoffs should come down hard by the end of this week. It's likely MySpace management, like CEO Mike Jones, will stay on for an interim period to help with the ... (view more)

At one time, MySpace was the dominant social networking site on the web, a pioneering force that allowed users to create and regularly customize their own web pages. With the advent of Facebook and micro-blogging site Twitter, however, MySpace's ... popularity continues to dwindle, and now CEO Owen Van Natta's recent decision to leave has left many wondering what lies ahead for the troubled firm. According to a report from MySpace parent company News Corp., Van Natta has announced that he will be resigning his seat as CEO of the social networking site after just ten months in the position. For ... (view more)

Not so long ago (April, in fact), Microsoft revealed it would be extending its support of the Windows XP operating system to ultra low-cost PCs (ULCPCs) for a year after the release of the next Windows (currently named Windows 7). Last week, ... Microsoft followed up that announcement with news it would be extending the same support to Nettops, or very, very cheap desktops. Microsoft's announcement at Computex marks another potential black eye for Windows Vista. It could, and perhaps should lead many analysts to speculate that Microsoft is growing increasingly prepared to quietly skip its latest ... (view more)

After countless threats of legal action and allegations of a carefree approach to copyrighted material, two of the most powerful media companies are embarking on a joint venture that will showcase their own material on some of the Internet's biggest ... websites. The move puts the two media giants in direct competition with YouTube and the other online video-sharing sites that hold no copyright for the material they provide. The News Corporation and NBC Universal will distribute their latest content, like television episodes and movies, on AOL, Yahoo, MSN and MySpace. It is estimated that 96 ... (view more)