Television and film continue to be News Corp’s core area of sales growth, even as other aspects of Rupert Murdoch’s empire – including recently-sold MySpace and scandal-ridden News International – unsurprisingly had a bumpy Q4. (more)
SAN FRANCISCO — Myspace on Wednesday was sold to ad-targeting firm Specific Media for $35 million, a fraction of the $580 million that News Corp. paid for the once-highflying social network during its heyday in 2005. (more)
News Corp. is about to sell Myspace for $20 million-$30 million, Kara Swisher at All Things D reports. (more)
PHILADELPHIA — Two Pennsylvania teens cannot be disciplined at school for MySpace parodies of their principals created on home computers, a federal appeals court ruled Monday in a high-profile case involving students and free speech. (more)
SAN FRANCISCO — News Corp is exploring strategic options for its MySpace Web site including a sale or a spinout, the company said on Wednesday, a day after the former social networking high-flyer slashed nearly half of its staff. (more)
When loon Jared Loughner shot Congresswoman Giffords and others, the left went into a tizzy trying to paint him as a right-wing “tea bagger.” It was clear the mainstream media focused initially on trying to pin the shooting on their sworn enemy, the right. (more)
Jared Lee Loughner’s shooting massacre could have been prevented if the people around him had paid attention to the warning signs. (more)
MySpace could use a few more friends of its own. The once-popular social networking site is not only likely to have a new owner by mid-year – or sooner, if News Corp. can find a buyer – but it’s also about to lose more than half of its current 1,100 employees before the end of the month. (more)
SAN FRANCISCO (DOW JONES) — Google Inc. has renewed its search and advertising agreement with News Corp.’s Myspace social networking site, signing a multiyear agreement that now includes display advertising, but no revenue guarantees. (more)
In 2009, Google announced its first large-scale layoffs and the closure of several offices. These painful reductions enabled Google to expand revenue and profits during a challenging economic environment over the last two years. Google’s fiscal discipline helped its stock price more than double from its November 2008 low of $260/share to a high of $630/share in November 2010. (more)
NEW YORK (AP) — In a sign of the companies’ divergent fortunes, MySpace says it will let its users log in to their Facebook accounts through their MySpace page. (more)
Teens who send more than 120 texts a day are more likely to have had sex or used alcohol or illegal drugs than peers who text less, according to a study conducted at Case Western Reserve University School of Medicine. These “hyper-texters” were also more likely to get into physical fights, binge drink and misuse prescription drugs. (more)
Web entrepreneur Andrew Fashion made $2.5 million by the age of 21 helping people bling out their MySpace pages. He blew it all before he turned 22. Meet Andrew and learn where his money went. (more)
Walt Disney Co. made a bold bet on social networks as an emerging entertainment platform Tuesday by agreeing to acquire gaming company Playdom Inc. for $563.2 million. (more)
Facebook, MySpace, Linkedin, Biznet…the list of social and business networking sites go on and on and on. It is hard to imagine how we made it through the day just a few years back without all of these sites to write about our daily comings and goings. How could we have gotten along without knowing that Facebook Friend X just drove across the country with her three cats and two dogs, ate in five diners and had a flat tire in South Dakota? Or that Facebook Friend Y’s little three-year old daughter Cody just threw up on the living room couch while her two-year old brother Jackson pooped on the floor? Life would not be the same without knowing that these events occurred. (more)
GarageBand.com, the well-known indie music store, discovery & review service and online community, will be discontinued as of July 15th, 2010, more than 10 years after it first saw the light of day. (more)
Facebook, MySpace and several other social-networking sites have been sending data to advertising companies that could be used to find consumers’ names and other personal details, despite promises they don’t share such information without consent. (more)
“Sexting” is one thing…but text-while-sexing? (more)
Editor’s Note: Daily Caller High is a group of young writers cutting their teeth in the world of political punditry. This week, the authors’ reflect on events of the past few weeks. (more)
