Poisonous right-wing demon and threat to Journalism Rupert Murdoch and his company News Corp (responsible for such evils as Fox News) are struggling to keep Myspace's head above water.
The once ubiquitous social networking site has just had to lay off half its 1000+ workforce and now MySpace management have confirmed that site could soon disappear altogether.
Apparently News Corp is assessing a number of possibilities, including a sale, a merger and a spinout, a spokeswoman at MySpace's parent company said.
She continued- "They have just kicked off the process and talks between MySpace and News Corp are at a preliminary stage."
In attempt to save itself the company is busy trying to make deals with local partners in the UK, Germany and Australia, so that the firm can manage ad sales and content in those regions.
They claim to have had more than three million new sign-ups since their recent redesign but will that be enough? Only time will tell.
And sure Facebook is all the rage now but I can't help but seeing the very same thing happening to them a few years down the line.
How about you?
Source: TheRegister