MySpace Loses Traffic, News Corp Loses $100M

WIRED – Nov 5 – MySpace's traffic has declined substantially and has dropped below the level required in parent company News Corp's the-year $900 million dollar advertising deal with Google. Initial estimates by News Corp. executives put the penalty at roughly $100 million. MySpace intends to focus on its core strength, which is the millions of artist pages on its site, to remain relevant in the social networking space dominated by Facebook and Twitter. FULL ARTICLE @ WIRED

See all posts on MySpace