Monday, January 10, 2011

MySpace for Rent?

Image representing MySpace as depicted in Crun...Image via CrunchBaseThe Web site All Things Digital ("ATD") claims News Corp.-owned MySpace may lay off at least 50 percent of its 1000-member staff tomorrow.

ATD, which also is part of Murdoch's News Corp. holdings, said the Beverly Hills, Calif.-based MySpace is being shopped to private equity firms. Rumors also abound that Yahoo may line up as a buyer.  The travails of MySpace have been well-chronicled by this blog (see "TUOL" posts 10/13/10, 8/6/10 & 6/24/09).
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