Category: MySpace
News Corp ready to sell MySpace
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News Corp bought MySpace in 2005 for $580 million, when the site was the most popular social network on the internet. At this time Facebook started to gain more traction and by 2008 was the clear leader in social networking. This equated to bad timing by News Corp, and a hugely successful product by Facebook [...]
MySpace to lay off half their Staff
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It has been reported that MySpace, will layoff half of its 1000 employees this week. The layoffs come as the social media site tries to restructure and overhaul the company in an attempt to save itself from poor financial situation. News Corporation had invested in MySapce to broaden its reach across the globe in the [...]
MySpace plans Relaunch to Boost user Involvement and Numbers
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MySpace for a long time was Australia’s most popular social networking site, and still today is a prominent figure in the space. However in mid-2008 Facebook overtook MySpace as the No1 social networking site and has grown by a huge amount since then. Facebook now attracts around 8.7 million unique users in Australia compared to [...]
MySpace Google Agreement up for Renewal
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It is believed News Corporation is in discussions with Google, Microsoft, and Yahoo about replacing MySpace’s search engine advertising agreement. Google has the current agreement which is expected to expire in August. The agreement is $300 million/ year in revenue for MySpace and it very unlikely they will get anywhere near this figure going forward. [...]





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My name is David Cowling and I am the Founder and Chief Editor of Social Media News AUS and I also run my own 





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