MySpace sold for $35M, layoffs all around.

[Correction]

http://techcrunch.com/2011/06/29/mys...press-release/

Myspace CEO Mike Jones just sent out this mass internal email and press release confirming the company’s sale to Specific Media earlier this morning. Kara Swisher is reporting that the sale was for $35 million.

About Specific Media

Specific Media is a digital media company driving viewership for content owners, engagement for brands and relevance for consumers. With capabilities spanning original programming, cross-channel distribution and addressable advertising, the company connects audiences, content and brands, adding meaning to each touch-point. As people discover new ways to consume content, Specific Media creates impactful media experiences no matter where they are.

In case you don't remember, Fox paid $580M for MySpace six years ago.

[avelle]

Do people even use Myspace anymore? Not sure why they haven't closed up shop yet, I guess they are still trying to milk the last few drops out of it somehow.

[Correction]

Fox didn't want to completely shut it down because there was still value in the user profile data it had accumulated over the years. Little surprise then that the only buyer they found was a company built to spam such people with advertising.

[solanis]

that company profile for the buyer does a majestic job of taking up space without saying anything at all. are they a consumer data aggregate or something?

[Olo401]

And not a single fuck was given that day.

[Kaslo]

Myspace was only useful for indie music.

[Ragnell]

Mike Jones

Who?

[richardd]

back than, they didnt know me

[Correction]

Who?

Some white dude, probably not who you're thinking of.

[Pharaun]

Fox didn't want to completely shut it down because there was still value in the user profile data it had accumulated over the years. Little surprise then that the only buyer they found was a company built to spam such people with advertising.

Seno bought myspace?

Spoiler: show

Yes I know what seno does isn't spam, but I couldn't resist

[Ragnell]

back than, they didnt know me

My nigga

Some white dude, probably not who you're thinking of.

not my nigga

[Correction]

not my nigga

[BadKarma]

Myspace was only useful for indie music.

Implying indie music is useful.

[Murdock]

Now im hot they all on me.

[volcanicweather]

Myspace is going to "continue to focus on the music aspects of the site". It still receives millions of hits a day, why I don't know, but that's what's in store for the "future" of the site moving forward.

[Dizzy]

I still use it to keep track of bands/artists/projects/etc. because many that I follow are cheap and use Myspace/Facebook as their website but Myspace is pretty dead now. I'm sure there are better service now to find & follow music but I'm a bit behind on social networking crap. A few friends got me into last.fm recently, is there anything better?