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MySpace Acquired By Specific Media

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Los Angeles-based MySpace , the once dominant social networking website, has been sold to Irvine-based Specific Media , the online advertising network, in a deal reportly worth $35M. According to Specific Media, News Corporation will take a minority equity stake in Specific Media as part of the deal.

Media 140
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Myspace Racks Up Registrations

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Beverly Hills-based > Myspace is claiming growth in its users, saying that it has added over 1 million new signups to the service, after it launched a new Myspace Music Player. Myspace says it is now adding around 40,000 new registrations a day, driven by its music player. READ MORE>>.

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MySpace Startups: Startups From MySpace Vets

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Los Angeles-based MySpace has been among the most visible of Southern California's Internet era success stories, although the site--now owned by News Corporation--has had its own share of ups-and-downs, as well as questions about its future. Here are four startups of them, and what they're doing: Demand Media. www.cocodot.com).

Startup 178
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Reports: MySpace To Go For $20-30M

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Multiple reports today say that once lofty social networking site MySpace is now being set to be sold by News Corp. Irvine-based Internet advertising network Specific Media and Golden Gate Capital are among the rumored bidders for MySpace. MySpace is reportedly planning big employee cuts at the company today.

Report 187
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MySpace, Panasonic Unveil Social TV Service

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Social entertainment site Myspace , which is now owned by Irvine-based Specific Media, is making a big push this week at CES, and launched a new, social TV service with Panasonic Monday. The service--which takes advantage of Myspace's library of music videos and songs--runs on Panasonic's VIERA Connect enabled HDTVs.

Services 178
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News Corp. In Repeat With Sale To Local Tech Firm

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spends hundreds of millions of dollars on a media property, runs it for about seven years, and then decides to unload that same property for a fraction of the price it paid to a Southern California technology--not media--company. Local technology firms here actually look to be the home to quite a few of News Corp.'s

News 159
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SodaHead.com Morphs Towards Social News

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Los Angeles-based SodaHead.com , the social question-and-answer and polling startup headed by former MySpace VP of Operations Jason Feffer, is morphing its focus towards the social news area, saying last night that the company is looking to become a "social newspaper." Tags: web2 startup news social sodahead. READ MORE>>.

News 159