News Corp likely to shut down MySpace by June "unless we see remarkable turnaround," analyst says
News Corp. will most likely shutter MySpace by June “unless we see a remarkable turnaround in the next few months,” Alan Gould, an analyst with Evercore Partners, said in a research note to clients today before the restructuring was announced.
Fox Interactive Media, which includes MySpace, may lose $225 million this fiscal year, up from an estimated $180 million last year, Gould said. He reduced his estimate for News Corp.’s fiscal 2011 operating income by 5 percent because of MySpace’s losses and weaker film results.
Source: soupsoup
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la-crepe liked this
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jjarichardson reblogged this from theweekmagazine and added:
They always astonish me in how more abysmal they become every time they modify themselves.
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carolynn-sideman reblogged this from cdcarter
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piloot reblogged this from peachseesall and added:
K zou dit wel jammer vinde , niet dak nog vaak op mijn myspace zit , integendeel. Soms wil k mijn myspace zelf...
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discoverandinnovate reblogged this from frakyeahsocialmedia
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twitteringmad reblogged this from frakyeahsocialmedia and added:
The end of Myspace is coming…. bye bye account I never use anymore… (Ah crap there are loads of pictures on their I need...
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soundslikechicken reblogged this from unpublishedrants
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peachseesall reblogged this from frakyeahsocialmedia
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iamkiwi liked this
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kalimadevi reblogged this from startacult and added:
Bye Bye Myspace.
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startacult reblogged this from frakyeahsocialmedia
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radical32 reblogged this from jtwilly
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jtwilly reblogged this from frakyeahsocialmedia and added:
Time to back up the ol’ myspace bolg! News Corp. will most likely shutter MySpace by June “unless we see a remarkable...
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frakyeahsocialmedia reblogged this from soupsoup
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jowanarizza reblogged this from soupsoup and added:
Sorry, Tom Anderson…
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saltlakecityfilmfestival reblogged this from popculturebrain
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lastyearsfad reblogged this from ragdoll and added:
Yeah, we actually had a band argument on Monday regarding our very very out of date website at Lawndree.com. Everyone...
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meghanwithanh reblogged this from rubenfeld and added:
This is crazy. Not that I ever use MySpace anymore but this is still pretty nuts.
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bsig reblogged this from shortformblog and added:
Not very surprised. To be honest my first reaction was “It’s about time.” But then I thought what does that mean for...
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eloquently-speaking reblogged this from shortformblog
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movieseveryday liked this
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millertime83 reblogged this from tanya77 and added:
They should switch to Geocities.
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willullman liked this
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grauel liked this
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linzylawless reblogged this from popculturebrain and added:
Thats what happens when you don’t keep a site interesting enough for people to stay interested in. hence; i hope things...
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this-alien reblogged this from soupsoup and added:
good…maybe some of my favorite will finally migrate to facebook, then
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