Apparently Murdoch has realized that MySpace is a sick, dying animal. My favorite quote from the story:
A News Corp source said that Rupert Murdoch, the company’s chairman and chief executive, remained committed to the internet, although he has conceded in an aside in a recent interview with The Wall Street Journal that the privately owned Facebook was gaining ground. Asked whether newspaper readers were drifting off to MySpace, Mr Murdoch joked: “I wish they were.
They’re all going to Facebook at the moment.”
http://business.timesonline.co.uk/tol/business/industry_sectors/media/article1957867.ece