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MySpace: "Current Losses Are Not Acceptable"

by whateverpedia
2 replies
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Is this the end of MySpace:

News Corp. puts Myspace on notice

"We've been clear that Myspace is a problem," News Corp. president and chief operating officer Chase Carey said during a conference call with analysts after the media and entertainment giant released its quarterly earnings. "The current losses are not acceptable or sustainable," Carey said. "Our current management did not create these losses but they know we have to address them."
  • Profile picture of the author TimPhelan
    It probably means unless they can do a better job at monetizing the site they will end up selling it. Newscorp doesn't seem to have done a good job at running myspace. It was one of the top 5 sites when they bought it now it's at 35 and falling.
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  • Profile picture of the author sarafina
    Idiots.

    They still don't take Canadian advertisers. Hmm, wonder if they would help the bottom line?

    Ah well. Facebook is where its at.
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