Deals
News Corp. Considering Spinoff or Sale of MySpace
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News Corp. is considering a possible spinoff or sale of MySpace, a day after cutting almost half of the social-networking website’s workforce.
Mike Jones, the Internet unit’s chief executive officer, told employees of plans for the site’s future at a companywide meeting today, Rosabel Tao, a spokeswoman for Beverly Hills, California-based MySpace, said today in an interview.