MySpace used to be the best place to root for new and interesting music. Then Newscorp bought them for $580 million. Selling today for 5 cents on the dollar … Somebody at Newscorp made a big mistake.
Myspace CEO Mike Jones just sent out this mass internal email and press release confirming the company’s sale to Specific Media earlier this morning. Kara Swisher is reporting that the sale was for $35 million.