Myspace Sold for $35 Million

By Chris O'Shea Comment

All Things D is reporting that News Corp.’s Myspace days have finally come to a close. The site has been sold to Specific Media, an advertising network, for $35 million (so we were close). Mike Jones, Myspace’s outgoing CEO, made sure to mention those lay offs in an announcement about the sale:

In conjunction with the deal, we are conducting a series of restructuring initiatives, including a significant reduction in our workforce. I will assist Specific with the transition over the next two months before departing my role as Myspace CEO.

Who knows what will happen to Myspace now, but one thing is for certain, we will always remember the porn spam and the inane bulletins that the site brought into our lives each day. For that we will always be grateful.