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News Corp Has Finally Had It: Accepting Bids for Myspace

first_imgdan rowinski Related Posts The Dos and Don’ts of Brand Awareness Videos A Comprehensive Guide to a Content Audit The death knells of the first generation of social media platforms continue. A day after Friendster announced that it would be deleting photos and blog posts from its platform, reports surface that News Corp is selling off Myspace and is starting the bidding at $100 million.News Corp bought the one-time social media titan in 2005 for $580 million and it has been bleeding money for several years. The move by News Corp to accept bids is akin to a sports franchise that tries to trade an underperforming player to get some nominal value before it has to just cut its losses and release him from the team.According to Reuters some of the bids are likely to come from Chinese Internet holding company Tencent; Criterion Capital, which is the owner of social networking site Bebo; and Myspace co-founder Chris De Wolf, among others. Back in February we reported that social networking and gaming platform MocoSpace was interested in Myspace but it looks like not much came out of those talks.Myspace has tried to recreate itself as a gaming, music and entertainment platform. It launched an email platform in July, 2009 that caught some traction but not enough to stop the hemorrhaging. The slow death of Myspace is akin to the transformation that has happened at AOL where the one-time giant service provider has turned into a content platform. Yet, where AOL has been buoyed by legacy money from its service provider days, News Corp has no such source of income from Myspace to fall back on.Twitter passed Myspace in September 2010 as the third most trafficked “social media” site on the Web, according to comScore (even if Twitter is not exactly “social media”). It was said to be working on some “big stealth projects” last August but there has been no real news on what that could be since. Myspace was said to be looking for developers with “killer Ruby on Rails skills and experience with MySQL, NoSQL, Linux, Apache.” The platform did launch Myspace.com/Everything, a hub for celebrity news and gossip, in the meantime. Yet, if that is the major innovation happening at Myspace these days it is no wonder that News Corp finally wants to rid itself of the burden.center_img Guide to Performing Bulk Email Verification Facebook is Becoming Less Personal and More Pro… Tags:#MySpace#NYT#social networks#web last_img read more


Dera chief’s guards shown door

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In Assam, Congress leaders seek referendum on Citizenship Bill

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Suresh Kalmadi axed as Cong Parliamentary Party secretary

first_imgCongress on Tuesday axed Suresh Kalmadi as secretary of its Parliamentary Party, seeking to distance itself from the Organising Committee Chairman of the Commonwealth Games in the wake of allegations of corruption.”Suresh Kalmadi’s resignation as Secretary of the Congress Parliamentary Party (CPP) has been accepted with immediate effect,” AICC General Secretary Janardhan Dwivedi said.Party sources said Kalmadi had been asked to put in his papers as CPP Secretary earlier. Congress chief Sonia Gandhi is the Chairperson of the CPP.The decision by Gandhi came on the opening day of the Winter Session of Parliament in which opposition had threatened to raise the issue of alleged corruption in the Games-related projects.Kalmadi, a Congress member of Lok Sabha from Pune, was the Chairman of Organising Committee of the sporting event which concluded last month.Soon after the completion of the Games, Congress had left Kalmadi to fend for himself declining to give a clean chit to him or others associated with organisation of the Games.Sports Minister M S Gill, Urban Development Minister S Jaipal Reddy and Delhi Chief Minister Sheila Dikshit were among others involved in the preparations for the Games.With inputs from PTIlast_img read more


Pawar not to contest MCA election; Vengsarkar, Vilasrao vie for top post

first_imgInternational Cricket Council (ICC) president, Sharad Pawar, has decided not to seek re-election as the president of Mumbai Cricket Association (MCA) for a sixth term.Spooked by the MCA’s residency clause, Pawar took the decision as he is not a permanent resident of Mumbai, Thane or Navi Mumbai, which is a pre-requisite for holding a post in the association.Pawar, who was elected as the MCA chief for the first time in 2001, has lived in Mumbai for over 40 years. However, he had shown himself as a native of Baramati in Pune for the Lok Sabha election in 2009.The development means the MCA election would now be a straight fight between former Indian skipper Dilip Vengsarkar and Union Minister Vilasrao Deshmukh.The Shiv Sena has backed Vengsarkar for the MCA president’s post.last_img read more