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

Myspace Sold for $35 Million

All Things D is reporting that News Corp.’s Myspace days have finally come to a close. The site has been sold to Specific Media, an advertising network, for $35 million (so we were close). Mike Jones, Myspace’s outgoing CEO, made sure to mention those lay offs in an announcement about the sale:

In conjunction with the deal, we are conducting a series of restructuring initiatives, including a significant reduction in our workforce. I will assist Specific with the transition over the next two months before departing my role as Myspace CEO.

Who knows what will happen to Myspace now, but one thing is for certain, we will always remember the porn spam and the inane bulletins that the site brought into our lives each day. For that we will always be grateful.

Mediabistro Course

Freelancing 101

Freelancing 101Starting August 18, learn how to manage a top-notch freelancing career in our online boot camp, Freelancing 101! Through a series of weeklong webcasts, you'll hear from freelancing experts who will teach you the best practices for a solid freelancing career, from the first steps of self-advertising and marketing, to building your schedule and securing new clients. Register now!