Latest Chase Carey Stories
Rupert Murdochâ€™s News Corp is exploring a sale or other â€œstrategic optionsâ€ for Myspace, the former social network giant which has been eclipsed by Facebook in recent years.
MySpace announced Tuesday that it was slashing about 500 jobs, nearly half its staff, setting the stage for a possible sale of the former Internet social networking leader.
The chief executive officer of News Corp said Monday that his company is open to a sale of the struggling MySpace although the company is pleased with the new direction it is taking as a social entertainment destination.
Rupert Murdoch's News Corp warned Myspace Wednesday that its losses were unsustainable and that there needs to be improvement in the next few quarters.
The nation's largest satellite TV provider reported a 5 percent decline in net income for the fourth quarter, despite soaring revenue, due to higher customer acquisition costs and interest expenses.
- A trick or prank.