Feeds

MySpace seeks music-loving buyer with GSOH

Sugar daddy News Corp readies divorce papers

Top three mobile application threats

Recent lay-offs at MySpace were costly for its disgruntled parent News Corp, which said in its Q2 earnings that it was officially seeking a buyer to offload the failing social network entertainment portal.

The company swallowed a $275m charge in its latest quarterly results, and admitted for the first time publicly that it was in the market for a new owner.

News Corp's COO Chase Carey said MySpace's financial performance had been "below expectations", and told The Financial Times (behind paywall) and other reporters on a conference call that the site "may be better developed under a new ownership structure".

Previously, the media giant has said that MySpace "has been a problem" for News Corp. Now it's explicitly wooing would-be suitors to take the site off its hands.

Last month MySpace management said it was considering selling the ailing website, following the firm’s decision to lay off half of its 1,000-strong workforce.

Ultimately the decision to let go comes as little surprise, given the number of job cuts undertaken at the California-based firm, which came just a few months after MySpace relaunched as an entertainment portal in October last year. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.