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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Murdoch's MySpace may be sold off

It looks as though Rupert Murdoch's struggling social networking site, MySpace, could be sold off.

According to a Wall Street Journal blog, News Corp's chief operating officer Chase Carey said the company is open to all options for the website.

In response to questions about a possible sale during the Reuters global media summit conference, he said: "There are opportunities here to do 20 things [with MySpace] but that doesn't mean you're going to do any of the 20.

"If there's something there that makes sense you ought to think about it."

Less than a month ago, Carey said that Myspace's losses were "not acceptable or sustainable". That sparked speculation about a sale or merger with a rival.

News Corp bought MySpace in 2005 for $580m but has fallen way behind Facebook and faces plunging traffic and ad revenues.

Source: Wall Street Journal

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