TVNewser Show TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Myspace Has a Buyer, and Her Name is Specific Media

Digital ad network Specific Media announced today that they have acquired Myspace from News Corporation.

Terms of the agreement “are confidential and will not be disclosed,” meaning they’re not going to tell us nosy parkers how much (or how little) they paid for the the Beverly Hills-based social network. But an insider told the Wall Street Journal that the selling price was $35 million in stock and cash. So now News Corp. has a minority equity stake in Specific Media.

Tim Vanderhook, Specific Media CEO, said of the deal:

There are many synergies between our companies as we are both focused on enhancing digital media experiences by fueling connections with relevance and interest. We look forward to combining our platforms to drive the next generation of digital innovation.

Our two cents: Focus on Myspace music. It is by far the best aspect of the site.

Sponsored Post

Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.