It seems as though the end is nigh for MySpace.
News Corporation has put what was once the most popular social networking site in the world on notice that performance is being judged 'in quarters, not in years' after quarterly losses in its digital and other activities widened by $30m to $156m.
Curiously, News Corp's net profits for newspaper advertising is up by 13% and profits in the new books and newspaper division were 50% ahead.
As if the shift from traditional media to social media wasn't confusing enough!
Full story http://tiny.cc/qqccl
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