Skip to main content

Myspace to be sold for $20+ million


News Corp. is hoping to part with struggling social network site MySpace this week, and will likely lay off more than half of the remaining staff of 500. The company is looking to cut a deal tomorrow or Thursday in order to have it completed this fiscal year, which ends Thursday. MySpace will likely be sold for only $20 million to $30 million.


Back in 2005, News Corp. bought the startup for $580 million and social networking was in its infancy. Since then, Facebook has turned into the dominant platform. MySpace hasn’t selected a buyer yet, but at least three bidders were thought to be in the running—Specific Media, Golden Gate Capital, and Austin Ventures. According to ComScore, MySpace had 74 million visitors in May, down 32% from a year earlier.
SOURCE: BLOOMBERG

Popular posts from this blog

The end of the Breakfast Club is near

The Breakfast Club has been on air for 9 years this month, and is going strong with ratings, engagement, and seems to be adding new markets every month...but I think the end is near.
I sound crazy right? I know you're thinking, Tammy how and why would you think that a successful morning show would have it's future in the balance? Well, there are a couple of reasons, let's go through them. I mean this could all be in my head and I’m projecting, or I could have some legitimate points and the near future will tell.
Shock jock radio value going down- The Breakfast Club has been known for it's shock jock style of radio for years. Charlemagne says the most outlandish things in interviews, creates false narratives that he doesn't even agree with for hot takes, and Envy always goes against the grain and disagrees with the masses on any given topic, just to disagree. Podcasting is huge right now, put five people in a room and at least three of them have a podcast; just at the…

15 Black women that need to host SNL

Saturday Night Live has been around for 45 years this fall and has had a series of hosts, of all ethnicities, ages, and entertainment occupations. They've had hosts that are comedians, actors, singers, rappers, and more. Now, while the diversity has been decent...I would love to see more black women as hosts. I've compiled a list of black women I think would do a damn good job at hosting the late night show. Let's get started shall we...
Tracee Ellis Ross - Tracee is a no brainer and should be at the top of everyone's list when thinking of who should host when they are doing the planning over at NBC. Tracee has perfect comedic timing, which we've seen time and time again on Girlfriends, and now on Black-ish we’ve seen her transform into Rainbow Johnson, and also into the other smaller roles they play when they have episodes within their episodes, if that makes sense. Her personality is playful and fun, which is evident through her Instagram. So, she’s topping this l…

Grown-ish is a far cry from A Different World

When it was announced that Black-ish, the hit ABC sitcom about an affluent African American family doing their best to immerse their kids in the their ethnic culture while still enjoying the fruits of their labor, would be getting a spinoff following the oldest daughter, Zoe Johnson, as she headed to college people were somewhat excited. When it was pegged to be an updated and more current version of the hit series A Different World people were more than excited and the show was highly anticipated. We were expecting to see Zoe navigate life as a college freshmen, out of the sheltered and, low key white bread, lifestyle. We were anticipating seeing her explore more of her life after highschool, then it aired…



Now, don’t get me wrong, I like Grown-ish, I think it’s entertaining, but it’s a far cry from A Different World. I didn’t expect the show that be identical to A Different World, mainly since Zoe wasn’t attending an HBCU, so there’s that, but I think the show is missing the mark on …