Feeds

No space @ MySpace

Horne departs the unsocial network

  • alert
  • submit to reddit

Application security programs and practises

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. ®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.