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

News Corp Might Keep Part of Myspace

Despite Myspace continuing its freefall, The Wall Street Journal is reporting that News Corporation is seeking a deal where they retain a part ownership of the website.

The company has hired Allan & Co. to advise them on possible deals, but so far, it’s not going well. So perhaps News Corp is willing to keep part of Myspace as an incentive to investors, who would otherwise be unwilling to take on such a money pit.

There really can’t be that many people or companies out there looking to invest in a property that lost $156 million in last year’s 4Q, even if it let’s you put blingees on your profile.

Mediabistro Course

Magazine Writing

Magazine WritingStarting September 4, learn how to get your work in top publications! You'll learn how to create captivating stories editors will want and readers will love, understand which magazines are right for your stories, craft compelling pitch letters, and more! You'll leave this class with two polished articles and corresponding pitch letters. Register now!