RUMOR MILL
Monday, April 11, 2011
MySpace layoffs, potential buyers
THIS ’SPACE FOR SALE: MySpace is reportedly considering laying off more employees in conjunction with a deal to sell the site. In January, nearly half of its 1,000-plus employees were let go. Parent company News Corp. has had talks with Chinese Internet company Tencent Holding Ltd., Vevo, MySpace founder Chris DeWolfe, the extremely acquisitive Gores Group (see above item) and Criterion Capital Partners. This despite the fact that MySpace has lost millions and experienced a significant drop in traffic; in February, traffic was down 44% from a year earlier to 37.7 million unique U.S. visitors, its lowest monthly total since February 2006, according to comScore. (4/11a)
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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