Tag Archives: news-corp

MySpace is Totally For Sale

We’ve thought for a while now that News Corp has given up on MySpace. We all speculated that the company would go up for sale when the big layoffs hit last month. Even though they aren’t advertising it, the website is most definitely for sale. News Corp COO Chase Carey told a reporter over at PaidContent that “With a new structure in place, now is the right time to consider strategic options for this business. The new MySpace has been very well received by the market and we have some very encouraging metrics. But the plan to allow MySpace to reach it’s full potential may be best achieved under a new owner.”

Carey makes it clear that while they haven’t offered the social space to the sale block, offers have been coming in. He is quick to point out that they will entertain all offers, including those which may keep his company involved in some way.

Subterfuge aside, it’s pretty clear that Tom’s site is about to change hands. What would it take for someone new to breathe life back into it and make it more viable again?

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