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MySpace to Vevo?

MYSPACE TO VEVO? News Corp. has been in discussions with Vevo to take over MySpace. According to Bloomberg, the company approached the UMG/Sony Music/Abu Dhabi Media Company  venture about assuming operating control of the social network in exchange for a stake in a new venture. That is one of a number of offers Rupert Murdoch is reportedly entertaining for MySpace and hopes to reach a deal before News Corp.’s fiscal year ends in June. Vevo could conceivably tap into MySpace’s music assets, which include artist and fan pages. News Corp. originally acquired MySpace in July 2005 for $580 million, with its chief rival Facebook now valued at more than $65 billion. MySpace posted an operating loss of $156 million in the quarter ended Dec. 31. (3/29p)

STRINGER ON "THE ISSUES AND ACTIONS NEEDED"
Sony Music is all in. (5/31a)
"REAL AND CONSTRUCTIVE CHANGE": SIR LUCIAN SPEAKS OUT
UMG is all in. (5/31a)
RAPINO: SUPPORTING BLACK CULTURE, ANTI-RACISM
Live Nation is all in. (5/30a)
WMG ON COPING WITH THE MOMENT
Warner Music is all in. (5/30a)
ARTISTS MAKE THEIR VOICES HEARD
The stars are coming out. (5/31a)
SHORT WEEK
Enjoy being even more confused by the calendar.
BLACK MUSIC MONTH
Celebrating the music that fuels the biz.
INSTACART
Dammit, we said DILL pickles!.
TRUMP SAID WHAT, NOW?
Just wondering if you still give a fuck.
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