Though MySpace has the taint of a spectacular loser, the fact remains that the site is still the second-most-popular social network. News Corp. may not want much to do with it anymore -- rumors of a possible sale are in the air -- but some other company might find a way to parlay MySpace's strength as a social entertainment network into profitability.

MySpace CEO Mike Jones reportedly told employees on Wednesday that News Corp. (Nasdaq: NWS), parent company of the once-giant social network, was exploring strategic options for its possible spinout, sale or merger. The talk of a possible sale followed news that MySpace was laying off 47 percent of its workforce -- about 500 employees.

My Space did not respond to the E-Commerce Times' request for comments by press time.

Rumors about the troubled company have been circulating for some time. Last fall, MySpace released a new layout, part of a new plan to focus on music pages and entertainment while leaving social networking to the big dog, Facebook.

DETAILS at: ecommercetimes.com/story/71643.html
VISIT: http://www.easyservicesnetwork.com