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My Social Life

Anonymous Investor Group Eyes Myspace

Despite losing $165 million in the most recent quarter, Myspace apparently has some suitors. The Wall Street Journal reports that an anonymous “investor group” has taken the lead in negotiations to buy the company. Myspace’s current owner News Corp. is looking to maintain a 20% stake in the company as part of the proposed deal. Which is interesting, because it means News Corp. still believes in Myspace’s potential, just not in their own ability to run the company.

More on Myspace’s potential fate from the WSJ:

Some other suitors who have remained interested in recent weeks include private-equity firm Criterion Capital Partners LLC and social networks Tagged Inc. and myYearbook, according to other people familiar with the matter. Former Myspace chief executive Chris DeWolfe and music-video site Vevo, a joint venture between major record labels, had also been in the mix, some other people familiar with the matter said. Talks with Vevo have been stalled for several weeks, though a deal between the two was long considered unlikely, in part because the companies were discussing a complicated arrangement that could have entailed Vevo collaborating with Fox’s television arm to create new programming, these people said.

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Time Is Ticking for MySpace

According to News Corp.‘s digital media guru Jim Miller, the company has set a 2-week deadline to determine the fate of its black sheep online media property MySpace. The LA-based social networking site lost $165 million for News Corp. in the most recent quarter ending in March. That’s $15 million more than MySpace lost for the company this time last year.

News Corp. has been shopping the site around for some time–supposedly trying to get $100 million for it after paying $580 million back in 2005. Surprise, surprise, they don’t seem to have had any luck.

We here at FishbowlLA sincerely hope News Corp. decides not to sell and to turn this ship around on their own. Mainly because we love seeing Rupert Murdoch lose money.

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Last Night: LA Times Magazine‘s ‘Rock Style’ Party

The LA Times Magazine threw its second annual “Rock Style” party last night, poolside at the Roosevelt Hotel, in honor of the release of its June fashion issue. Fishbowl LA was in attendance, and, let’s just say, if there were any other journalists there they were doing their best to disguise themselves as extremely well-dressed and attractive people.

Cee Lo Green of “Fuck You” fame was supposed to perform, but bailed in favor of Jay Sean. Macy’s also put on a fashion show–the first this Fishie had ever seen in person. Waaaay more camel toe than he was expecting. Good times!

A few photos after the jump.

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Over the Weekend: Gary Leonard Photo Firesale

Longtime LA photojournalist Gary Leonard celebrated his 60th birthday last Friday night at his gallery “Take My Picture Gary Leonard.” The place was packed. In the narrow confines of the gallery, it was basically impossible to move from one end of the room to the next. Your best hope to talk to anyone was to spin in circles and say “hi” to the person next to you. Those definitely in attendance: photographer Kevin Scanlon, Slake man-about-town Craig Gaines and LA Weekly‘s Erica Zora Wrightson. There were no doubt other journos of note sandwiched in the back of the room somewhere, but we suffered a mild crowd-induced panic attack and had to go outside to catch our breath.

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Charlie Sheen Is Looking For an Intern: #TigerBlood Required

If there are any young, aspiring, social media mavens out there with the desire to thrust themselves into the middle of a full-blown media spectacle, we have good news for you: Charlie Sheen is hiring.

Deadline: March 11th, 2011

Position: Full-Time, Paid

Timeframe: Summer 2011 (8 weeks)

Description: Do you have #TigerBlood? Are you all about #Winning? Can you #PlanBetter than anyone else? If so, we want you on #TeamSheen as our social media #TigerBloodIntern!

This unique internship opportunity will allow a hard-working, self-motivated, creative, resourceful and social media savvy individual to work closely with Charlie Sheen in leveraging his social network. The internship will focus on executing a social media strategy that will build on the success Charlie Sheen has attained in setting the Guinness World Record for the fastest time to reach one million followers on Twitter. The #TigerBloodIntern is expected to be proactive, monitor the day-to-day activities on the major social media platforms, prepare for exciting online projects and increase Charlie’s base of followers.

You will learn how to promote and develop the social media network of Hollywood’s most trending celebrity.

Better hop on this trainwreck fast if you’re getting aboard. Looks like Charlie wants to hire by Friday.

Mark Zuckerberg’s Facebook Page Hacked: IP Address Traced Back to US Department of Defense

As you might have heard, Facebook founder Mark Zuckerberg had his Facebook fan page hacked late Tuesday. This note was forcibly posted on Zuckerberg’s wall.

“Let the hacking begin: If Facebook needs money, instead of going to the banks, why doesn’t Facebook let its users invest in Facebook in a social way? Why not transform Facebook into a ‘social business’ the way Nobel Prize winner Muhammad Yunus described it? What do you think? #hackercup2011″.

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Myspace Could Cut Half Its Workforce In the New Year

Even though it’s the seventh most-trafficked website in the United States, Myspace is in big, big trouble. The Wall Street Journal is reporting the site is gearing up for huge cuts that could result in the downsizing of half its 1,100 person workforce. Since News Corp. owns both Myspace and The Wall Street Journal, we’re just going to go ahead and assume the reporting is accurate.

Myspace already cut 30% of its workforce last summer. But since then, the News Corp. division in which MySpace resides lost $156 million.

King Rupert was not pleased.

Myspace remains the go-to site to find music on the Internet. So someone should be able to do something with this thing. It remains to be seen if that someone is News Corp. The company is allegedly mulling a sale, but according to Reuters, there are no buyers at the table yet.

Social Networking Site Delicious On Yahoo!‘s ‘Sunset List’ After Layoffs

Yahoo!‘s social networking service “Delicious” may be on the outs, along with a number of other services like MyBlogLog, Yahoo Buzz, Yahoo Picks and Yahoo Bookmarks. Yahoo! is reportedly looking for further cutbacks after laying off 600 employees, or 4% of its workforce, earlier this week. Delicious was purchased five years ago by Yahoo! for an undisclosed sum. But now, with the preeminence of Facebook in the social networking realm, the company doesn’t appear to have high hopes for its future.

In a statement, Yahoo! said it would reveal more about Delicious’s future, “when appropriate.”

Previously on FBLA: Yahoo! Will Lay Off Five Percent of Its Workforce Before the Holidays

The Burden of Social Networking: More Work, Same Pay for Journalists

A new survey by PR Newswire reveals that the increased demand for online content, including Twitter and other forms of social networking, is occupying more and more of journalists’ time — while their regular workload stays the same.

Continuing a trend from the 2008 and 2009 surveys, over 70% of respondents in this year’s survey indicate a heavier workload as compared to last year, with the majority (58%) stating that the number of stories for which they are responsible has increased over the past two years. As in 2009, the primary cause of the increased workload is the need to contribute to online reporting. Of those surveyed, 62% are required to write for online news sections, with 39% contributing to their publication’s blog. 37% of US journalists also now must maintain a Twitter feed.

The study goes on to suggest that fear of losing their jobs seems to have stifled most journalists’ complaints about the additional work load.

This Fishie has worked with some salty, hard-nosed investigative journalists in his day. The thought of these folks taking even 30 seconds away from their phones for company-mandated Tweeting depresses him mightily. Then again, most of the salty dogs in question have lost their jobs and are now wildly underemployed — so it’s probably a moot point.

H/T AAN Wire

Proper Facebook Etiquette

They ought to be showing this film in the public schools-

found via Neatorama