News Corp. and Japan's Softbank Corp. announced plans Tuesday to bring MySpace, the popular Internet social networking site, to Asia.

News Corp. and Japan's Softbank Corp. announced plans Tuesday to bring MySpace, the popular Internet social networking site, to Asia. The 50-50 joint venture MySpace KK will be run mostly separately from News Corp., the site's New York-based parent company, the two companies said.

Brad Greenspan, founder of Myspace.com, today issued an online report at Freemyspace.com that details how Intermix Media, Inc.'s sale of Myspace intentionally defrauded shareholders out of tens of billions of dollars. Saying it is "one of the largest merger and acquisition scandals in U.S.

By Frank Ahrens, Washington Post Staff Writer BEVERLY HILLS, Calif. -- One roof, hundreds of millions of Internet viewers. In a glass-and-stone building on a leafy side street, media giant News Corp. has consolidated some of the hottest trend-setting properties of the online world.

The founders of the popular social networking site MySpace.com are among the winners of this year's Webby online achievement awards. Tom Anderson and Chris DeWolfe will receive an award next month for breakout of the year.