Feeds

No space @ MySpace

Horne departs the unsocial network

  • alert
  • submit to reddit

Intelligent flash storage arrays

The fate of Rupert Murdoch’s distressed, (un)social network MySpace should be known within a fortnight according to global executives.

The Australian office of MySpace has been wound down, with the bulk of staff shed late last year. News Digital Media is mooted to be in discussions to take on the online ad sales role for the website. Current head of international at NDM, Rebekah Horne, has told media that an announcement regarding the future operations of MySpace would be made within weeks.

Horne herself is exiting, in part of the ongoing depletion of MySpace resources. Next month she will join DMG Radio as its chief digital officer, reunited with Lachlan Murdoch who is a 50% shareholder in the radio broadcaster.

Horne returned to Australia earlier this year after holding a global role in London for nearly three years.

News Corp’s head of digital media Jonathan Miller told press in the US last week that the company was “two weeks” away from knowing the outcome of a prolonged attempt at divesting the asset.

News Corp hired investment bank Allen & Co. to evaluate offers for MySpace, with a goal of concluding a deal before the fiscal year ends in June. The News Corp. business group that includes MySpace had an operating loss of US$165 million in the March quarter, compared with a $150 million loss a year earlier. ®

Internet Security Threat Report 2014

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.