15
Jul
2009
MySpace to push deeper into entertainment
The waning prospects of MySpace, once the dominate social network, are pushing parent company News Corp. to make some startling moves.
The Wall Street Journal reported on Friday that Rupert Murdoch, CEO of News Corp., said he plans to reshape MySpace into an “entertainment portal.”
The Journal reported that MySpace will enable the site’s users, the number of which is quickly shrinking, to access entertainment and related information. Murdoch, however, didn’t offer the paper any details about what this new entertainment focus would include.
The statements, made at the Allen & Company Conference in Sun Valley, Idaho, come as Facebook continues to outpace MySpace in almost every relevant metric. The big question is how much would a facelift like the one proposed by Murdoch help the site? Read the rest of this entry »
