News Corp. Should Get Rid of MySpace

Filed under: News Corp'B' (NWS), Stock Picks

News Corp. (NWS) and MySpace. They've been together for a while. And I have a question: Should they still be together? Is there any reason for the social networking business to be in Rupert Murdoch's empire? Personally, I don't see a rationale for keeping MySpace in the fold.

Of course, I'm sure Chief Digital Officer Jonathan Miller has a different opinion. In fact, in the following Reuters article, he denies rumors concerning a desire on the part of News Corp. to sell the asset. Too bad, because I think it should be sold. Seriously, my sympathies go out to anyone in charge of bringing MySpace back to relevancy.

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News Corp. Should Get Rid of MySpace originally appeared on BloggingStocks on Sat, 10 Jul 2010 12:10:00 EST. Please see our terms for use of feeds.

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MySpace - News Corporation - Rupert Murdoch - Jonathan Miller - Business

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