Posts Tagged ‘News Corporation’

News Corp ‘Out of Patience’ with MySpace

Thursday, November 4th, 2010

From what I’ve read, a lot of Murdoch’s businesses have been losing money lately. MySpace has a lot of users; it’s hard to see how the right management couldn’t make it more profitable …

News Corp president says MySpace losses are ‘neither acceptable or sustainable’

MySpace, once the world’s number one social network, was put on notice by its parent company, News Corp, last night after one of the company’s top executives said that its losses were “neither acceptable or sustainable”.