Rochester, NY 7/14/2009 11:51:19 PM
NWSA - News Corporation Enters Agreement with MySpace
News Corporation
News Corporation, NWSA
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News Corp. will position its MySpace unit as a Web site for accessing entertainment and related information, said people familiar with the company's plans. The strategy follows other recent moves by News Corp. to try to reinvigorate the social networking site as it steadily loses ground to Facebook Inc. In a brief interview, News Corp. Chief Executive Rupert Murdoch said MySpace needs to be refocused "as an entertainment portal." Murdoch described his vision for MySpace as a place where "people are looking for common interests."
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