homepage Welcome to WebmasterWorld Guest from 54.211.68.132
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Pubcon Platinum Sponsor 2014
Home / Forums Index / Local / Foo
Forum Library, Charter, Moderators: incrediBILL & lawman

Foo Forum

    
Myspace Sale Nears Conclusion
engine

WebmasterWorld Administrator engine us a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month Best Post Of The Month



 
Msg#: 4332157 posted 5:00 pm on Jun 28, 2011 (gmt 0)

Myspace Sale Nears Conclusion [allthingsd.com]
It was just supposed to be a three-hour tour, um, quick sale process!

But, like a storm-tossed ship looking for any safe harbor, the Myspace sale is still chugging along, with a deal that continues to be tossed around amongst low-paying and new lesser known buyers who are now in the $20 million to $30 million range, said sources close to the situation.

As part of the deal, sources said the News Corp. unit will be making significant cuts in staff and costs — up to 50 percent or more — all contingent on the purchaser. The staff cuts are, obviously, directly related to the transaction and the winning bidder.


 

lexipixel

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 4332157 posted 2:45 am on Jun 30, 2011 (gmt 0)

Kara has posted again ....


Exclusive: Myspace to Be Sold to Specific Media for $35 Million
June 29, 2011 at 10:51 am PT
Closing another chapter on one of the Internet’s most iconic properties, Myspace has been sold to Specific Media, an advertising network, for $35 million.

[allthingsd.com...]


From Specific Media's site:

[specificmedia.com...]

koan

WebmasterWorld Senior Member 5+ Year Member



 
Msg#: 4332157 posted 3:56 am on Jun 30, 2011 (gmt 0)

And News Corp originally bought it for what, $580 million? Couldn't happen to a more deserving media corporation.

Sgt_Kickaxe

WebmasterWorld Senior Member sgt_kickaxe us a WebmasterWorld Top Contributor of All Time



 
Msg#: 4332157 posted 9:05 am on Jun 30, 2011 (gmt 0)

Buy high, sell low, yet somehow turn a profit. It's an artform.

The stock hit a low of $6 in 2009 but is comfortably up in the $17 range today, investors aren't worried about losing the brand.

Panthro



 
Msg#: 4332157 posted 1:53 pm on Jun 30, 2011 (gmt 0)

Hopefully they do something good with it. Myspace still has a lot of potential.

pontifex

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 4332157 posted 4:04 pm on Jul 1, 2011 (gmt 0)

As a music seller myself I have to say: bad move to focus on music in the first place. MP3 sales are so low-margin that the marketing world around it can not spin enough cash in general. You have to be VERY creative to make money under the "music" topic online... Thanks, Sean Parker!

timchuma

10+ Year Member



 
Msg#: 4332157 posted 6:44 am on Jul 4, 2011 (gmt 0)

The musicians I know are all abandoning Myspace for Facebook or other sites due to Myspace being so hard to maintain and nobody using it anymore.

I just shut down my own account the day before this announcement.

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / Local / Foo
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved