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News Corp.'s struggling social networking site MySpace today announced it has a deal to acquire iLike, an application that helps users of social networks share music recommendations and playlists. The combination would bring together MySpace, a site emerging and established...
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MySpace Music has come in for criticism from the labels, whose executives have publicly (and privately) said it has been slow to find ways to make money on its massive community of music fans. Recently, through, MySpace Music is showing...
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News Corp.'s struggling social network MySpace said it would lay off nearly 30% of its staff -- or about 425 people -- as part of a plan to restructure the business. “Simply put, our staffing levels were bloated and hindered...
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UPDATED: Fox Interactive Media, suffering from a steep drop in online advertising, is preparing to lay off a significant number of employees, according to people familiar with the situation. The number and timing are in flux, but the cuts are...
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It got Rupert Murdoch on the cover of Wired Magazine, cost Tom Freston his job as chief executive of Viacom and even spawned a tell-all book. But now News Corp.'s MySpace has gone from crown jewel to problem child. While...