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News Corp. Execs Admit MySpace ‘Big Mistakes’ But Insist Trends Are Better

May 4, 2010 8:29 PM

Maybe Ross Levinsohn had a worst-case scenario where nearly five years after the acquisition of MySpace for $580 million, top News Corp (NYSE: NWS). execs told analysts MySpace was a “work in progress” with a goal of being cash positive next year. Maybe, but if that was the case, I…

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Posted In: Entertainment, Music, Social Media, Companies, News Corp., MySpace, chase carey, jason hirschhorn, ross levinsohn, rupert murdoch

Industry Moves
Partovis Are Latest MySpace Execs To Leave; Top Security Exec Cutting Back, Too

Apr 20, 2010 10:20 PM

Earlier today, News Corp (NYSE: NWS). announced a change in the role of top security exec Hemu Nigam, responsible for helping MySpace navigate some roiled privacy and child safety waters. Nigam is giving up the title of chief security officer (which will disappear from the News Corp exec roster) and…

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Posted In: Industry Moves, Companies, News Corp., MySpace, ali partovi, hadi partovi, hemu nigam

News Corp Looking To Sell Fox Audience Network, But How?

Mar 22, 2010 6:51 PM

News Corp (NYSE: NWS) has been mulling selling off part or all of prized revenue-making digital ad unit Fox Audience Network for a long time now, and it is finally making the move, we have confirmed. The company has gone around the block with this idea for almost 8-10 months,…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, News Corp., MySpace, fox audience network

The Day Abu Dhabi Became An Unlikely Crossroad For Search Wars

Mar 10, 2010 11:47 PM

At the powerhouse Abu Dhabi Media Summit here at Yas Island in Abu Dhabi, two of the biggest third-party search deals are being negotiated behind the scenes, we have learned. It just so happens that all the players involved were here for the last day or so: Google (NSDQ: GOOG)…

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Posted In: Search, Companies, AOL, Google, Microsoft, Bing, News Corp., MySpace, adms

Why MySpace Co-Presidents Aren’t Worried About Growth

Mar 10, 2010 4:01 AM

MySpace (NYSE: NWS) pulled up the curtain a little this week, letting in some light on a makeover still very much in progress and marking a debut of sorts for Co-Presidents Mike Jones and Jason Hirschhorn as a team. By walking reporters through their road map, the two hope to…

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Posted In: Social Media, Community, Companies, News Corp., MySpace, jason hirschhorn, mike jones

MySpace Goes Real Time With Google Search

Feb 16, 2010 3:00 PM

It took a couple of months from announcement to action but Google (NSDQ: GOOG) will start pulling in real-time search results from MySpace (NYSE: NWS) into Google search today. That means publicly available MySpace updates and other data should show up in Google real-time search results, as is already the…

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Posted In: Search, Companies, Google, News Corp., MySpace

MTVN’s McGrath: No Major Digital Acquisitions This Year; Hirschhorn Can Redirect MySpace

Feb 14, 2010 6:15 PM

MTV Networks (NYSE: VIA) CEO Judy McGrath says the Viacom unit’s organic growth is “great,” despite its continued signs of weakness as detailed last week in parent company Viacom’s Q4 earnings. The company was hit by the soft ad market as well as lower sales of Rock Band bundles. In…

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Posted In: Advertising, Entertainment, Media & Publishing, TV, Cable & Telecom, Social Media, Companies, News Corp., Fox, Fox Interactive Media, MySpace, Viacom, MTV, judy mcgrath

Industry Moves
Owen Van Natta Out As MySpace CEO; Jones, Hirschhorn Co-Presidents; Miller’s Memo

Feb 10, 2010 7:47 PM

A major shake up at MySpace, where Owen Van Natta is out after less than a year. Stepping up to run the social network are the other two members of the troika brought in by Jon Miller, chairman and CEO of Digital Media for News Corp. (NYSE: NWS), last April…

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Posted In: Industry Moves, Companies, News Corp., MySpace, jason hirschhorn, mike jones, owen van natta

MySpace And TargetSpot Partner On Audio Ads

Feb 9, 2010 11:10 AM

MySpace has begun rolling out 30-second audio ads, as the News Corp (NYSE: NWS). site continues its shift from a general social network to an entertainment showcase. The ads are being powered by CBS-backed TargetSpot. A rep for TargetSpot told paidContent that MySpace Music will place the audio ads alongside…

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Posted In: Advertising, Entertainment, Music, Social Media, Companies, News Corp., Fox, Fox Interactive Media, MySpace, myspace music, targetspot

Earnings
News Corp. Returns To Profit; Newspapers/Info Segment Rose Nearly 30 Percent

Feb 2, 2010 4:03 PM

News Corp earnings were up across the board, as the company swung to a profit of $254 million ($0.10) in Q4, reversing $6.4 billion loss. The company said this reflected double-digit growth at its “majority business segments.” Even the newspaper/information segment was up, gaining 29.5 percent over last year’s period.…

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EPS* Rev. vs Q408 Net Inc. vs Q408
N/A Revenue Indicator {rev}% Net Income Indicator {ni}%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Media & Publishing, Newspapers, Money, Earnings, Companies, News Corp., BSkyB, Dow Jones, Wall Street Journal, Fox, Fox Interactive Media, MySpace

Leading Voices
Building A Social Network In A Facebook And Twitter World

Feb 1, 2010 10:30 AM

Geoff Cook is the CEO of myYearbook, a social network built around meeting new people. He also founded EssayEdge and ResumeEdge and sold them to The Thomson Corporation. You can’t go an entire day without encountering Facebook and Twitter – even if you don’t have an account. Whether you ride…

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Posted In: Features, Leading Voices, Social Media, Community, Companies, Facebook, News Corp., MySpace, Twitter, myyearbook

@ Midem: MySpace Eyes Virtual Goods, Will Help Pay Musicians $15 Million

Jan 23, 2010 12:03 PM

The social gaming phenomenon may be commonly associated with Facebook - but MySpace seems keen to get its own slice of this growing pie. Asked at the Midem music conference in Cannes whether the site may consider a move in the area, MySpace CEO Owen van Natta, also former COO…

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Posted In: Entertainment, Music, Events, MidemNet, Companies, News Corp., Fox, Fox Interactive Media, MySpace, owen van natta

MySpace Records: Still Standing, But Getting Restructured

Jan 16, 2010 3:07 PM

So, what is happening over at MySpace Records?  Early Friday morning, Digital Music News confirmed the departure of label GM J. Scavo, who is now heading to Hollywood Records. But the label will remain an ongoing concern, according to sources close to the operation.

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Posted In: Entertainment, Music, Companies, News Corp., MySpace

Suddenly, Google Focusing Music Results On MySpace

Jan 4, 2010 8:21 AM

Google (NSDQ: GOOG) was hardly thrilled to find its marquee music search partner acquired by Apple (NSDQ: AAPL).  But now, Google appears to be shifting its music-related search priorities away from Lala.  Instead, a large percentage of first-choice streams are being served by MySpace (and iLike), a development sure to…

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Posted In: Entertainment, Music, Companies, Apple, Google, News Corp., MySpace

Post-Imeem, MySpace Music Is Suddenly the Bad Guy…

Dec 15, 2009 6:03 AM

Imeem was dead-and-gone, and plucked from the ashes by MySpace Music.  So why is MySpace getting such a bad rap?  Perhaps anger is simply an irrational beast, one that feasts on the easiest and most visible scapegoat.  Outside of the industry, fans and bands appear mostly uninformed about the factors…

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Posted In: Entertainment, Music, Companies, News Corp., MySpace, imeem

Updated: MySpace Music Acquires Broke Imeem; Moving Users To MySpace Today

Dec 8, 2009 1:15 PM

MySpace says it has acquired “certain assets” of cash-poor social music service imeem and it’s moving fast to capitalize on the biggest one: users. Sometime today, imeem’s 16 million-plus users will be redirected to MySpace Music. MySpace CEO Owen Van Natta promises via blog post to move fast to offer…

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Posted In: Entertainment, Music, Money, M&A & Venture Capital, Companies, News Corp., MySpace, imeem, owen van natta

Endemol’s ‘Married On MySpace’ Leaps From The Web To Si TV

Dec 7, 2009 8:26 PM

Add another show to the likes of Quarterlife—one of the only web-based series to make it to TV. (Let’s hope that this one fares better, though, as Quarterlife got canned by NBC after just one episode). Get Married on MySpace, the reality show that Endemol USA launched in March, has…

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Posted In: Media & Publishing, Social Media, Video, Companies, News Corp., MySpace, endemol, sitv

So, Who Killed Imeem, Anyway? Executives Blame The Orchard…

Dec 7, 2009 10:22 AM

Imeem may have connected with an audience, but it never got its happy ending.  The once-promising startup was bloodied by lawsuits, lopsided licensing deals, and an underperforming ad-supported model.  Now, MySpace Music is plucking the remains at fire-sale valuations, and investors are walking away with mere lint. But, for much…

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Posted In: Entertainment, Music, Companies, News Corp., MySpace, imeem

Finally, MySpace Music Licenses ‘Fifth Label’ Merlin; Reins in Fiercest Critic

Nov 20, 2009 7:10 PM

MySpace Music has now finalized a global licensing deal with the labels represented by Merlin, according to details tipped Friday to Digital Music News.  Both companies confirmed the relationship, thanks to resolution on a major sticking point related to equity. MySpace noted that Merlin - and other indies - are…

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Posted In: Entertainment, Music, Companies, News Corp., MySpace

MySpace Gets Imeem For A Song

Nov 18, 2009 8:20 PM

Updated: Yesterday, one source familiar with the situation said it could take weeks to wind up a deal for MySpace to pick up Imeem; today, there’s a letter of agreement, as TechCrunch first reported and paidContent has confirmed. It calls for about $1 million in cash, although I’m told the…

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Posted In: Entertainment, Music, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, News Corp., MySpace, imeem

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