News Corp is open to a sale of beleaguered MySpace after a relaunch of the social network as an entertainment site, COO Chase Carey told Reuters.
A successful revamp of MySpace -- still visited by around 60 million people in October, according to comScore -- could possibly pave the way for a sale.
A sale or partnership are two of a number of options the company would consider for the once valuable social network site, which has suffered in the face of competition from Facebook, which is visited by about 151 million people monthly, and Twitter.
"There are opportunities here to do 20 things [with MySpace] but that doesn't mean you're going to do any of the 20. If there's something there that makes sense you ought to think about it," said Carey.
MySpace has been the subject of recent speculation that News Corp is seeking to sell the site or partner with other digital media companies such as Yahoo and AOL Inc.
Carey said that a potential merger "would have been largely a pretty tough sale process" before the revamp.
"I think those options would have been pretty limited and I think probably would have undervalued it against what we think it can be," Carey said on Monday (Nov. 29) during Reuters Global Media Summit.
But he refused to specify how long News Corp was willing to give MySpace to regain some of its former luster after previously stating he expects MySpace to become profitable within quarters rather than years.
"I'm not going to break down [the number of] quarters," he said. "It's not years ... We need to deal with this with urgency."
MySpace relaunched earlier this month as a social entertainment site rather than a direct social networking rival to market leader Facebook. It has even announced a new partnership with its one-time rival to allow users to merge their entertainment interests from MySpace on to Facebook.
"We have really overhauled the product and made it a very different experience and I think they did a very good job," Carey said.
News Corp acquired MySpace in 2005 for $580 million after Mews Corp chief executive Rupert Murdoch famously swooped in to beat rivals like Viacom in the bidding. And initially the deal paid for itself after Google Inc inked a three-year $900 million search advertising deal in 2006. But since then, the website became increasingly irrelevant as a social network for many users as they migrated to Facebook.
There have also been several management team overhauls in the last couple of years since the original founding CEO, Chris De Wolfe, stepped down in April 2009.
Most analysts on Wall Street do not figure the loss-making MySpace into their key valuation metrics.
"It's not been integrated much with anything at News Corp, that's why it's a free asset to divest easily," said Miller Tabak analyst David Joyce. "It's irrelevant as a valuation metric."
Tuesday, November 30, 2010
Sunday, February 14, 2010
The Most Expensive Cell Phone ever.

When it comes to cell phones in this day and age,it seems that the cell phones are doing everything from streaming music video's,streaming tv's shows to enabling its user to watch full feature films and moives,and lets not forget to acknowledge the texting craze that started from teenagers and has us adults focusing in on the trend.But now this is going alitte to far the most expensive phone ever. Introducing the $3.1-million (1.93-million UK pounds) iPhone 3G S Supreme Rose by Stuart Hughes. This phone features a platinum bezel studded with 130 individual .75 flawless diamonds, in addition to 18K gold casing. Believe it or not, this one-off piece was commissioned by the same Australian business man of iPhone 3G S Supremefame -- now worth $3.12-million (1.92-million UK pounds) due to exchange rate.This has to be the most E-G-O mindless thought ever process when you have homless people all over the world whom in their right godgiving mind would try to spend this kind of dough,money,sciller,paper,deniro's ect..on this type of cell phone,as rich as bill gates is he wouldn't even consider this.
A couple of years ago, luxury mobile phones were really the rage among the richest people around the world. And we're not talking here necessarily about the Vertu handsets or some of the other luxury smartphones available on the market, but about specially crafted versions of common devices (such as the iPhone, for example), featuring very expensive materials and precious stones.
The economic crisis has kind of slowed down this trend, but it's far from having disappeared completely, as the newly announced iPhone 3GS Supreme Rose proves only very well, since this thing might have a real shot at one of the top positions in a list of the most expensive handsets ever manufactured.
The handset is the work of a very well known jeweler from UK, Stuart Hughes, who, over time, has created quite a few super-expensive products of this type, whether we're talking about handsets or even gaming consoles (remember the Wii Supreme?).
In any case, the gadget at hand, which, as mentioned right from the start, has a retail price of 1.93.25 million pounds sterling – or roughly 3.147 million US dollars, features a bezel handmade from platinum with 130 individual 0.75 diamonds, which total 97.5ct. Also set are four pink baguette diamonds each weighing 2.5cts. The rear section is formed with circa 112 grams of 18ct rose gold along with its rose gold Apple logo and 53 diamonds. The main navigation, single cut 7.1ct diamond settles in its 18ct rose gold mount.
Naturally, we'd be quite curious to see just who will purchase such an ultra-expensive handset. I mean, even the uber-rich sheiks from the United Arab Emirates have had some serious financial troubles lately, while the Russian moguls have lost billions on account of the economic crisis. But, then again, this thing is just perfect for showing off one's prosperity, so we're pretty sure it will find an owner, eventually.
Thursday, January 7, 2010
The Zeitgeist Movement(The Venus Project)

Help with this very powerful movement its our future!
"A very serious quote from "The Venus Project" is what we all that are likeminded needs to become a part of.
The most current understandings of who and what we truly are, coupled with how science, nature and technology (rather than religion, politics and money) hold the keys to our personal growth, not only as individual human beings, but as a civilization, both structurally and spiritually.(The most powerful new movement I have attracted into my positive thoughts of a better new world of our future which is now)
Once we understand that the integrity of our personal existences are directly related to the integrity of the earth, life and all other human beings, we then have our path predefined for us. In turn, once we realize that it is science, technology and hence human creativity which creates progress in our lives, we are then able to recognize what our true priorities are for social and personal growth and progress. These points denoted, we can then see that Religion, Politics and the Money/Competition based Labor system are outdated modes of social operation, which must now be addressed and outgrown. Our avocation is to achieve a social system which operates without money or politics, while allowing superstition to work itself out as education flourishes. It isn't the right of any person to tell another what to believe, for no human has a full understanding of anything. However, if we pay attention to the natural processes of life, we then see how we can align with nature and thus our path becomes more clear.
For example, many people are worried about population growth on the planet, while very spooky comments by despotic figures like Henry Kissinger claim that some kind of "reduction" is needed. This is, of course, very scary. However, the real question remains: Is population growth really that bad? The answer is that from a scientific perspective the earth can handle many, many times more people if need be, once high technology is harnessed. 70% of our planet is water and cities in the sea ( one of many projects by Jacque Fresco ) are the next step. In turn, education about life operations will inform people as to the ramifications of their reproductive interests and population growth will naturally slow as people begin to realize how they are related to the planet and its carrying capacity.
In fact, the only true "government" that can possibly exist is the earth and its resources. From there, all possibilities can be assessed. This is why an intellectual unification of all countries is needed, for the most important information we as a species can have is a full, highly detailed assessment of what we have on this planet. Just as you would examine the land and resources of an acre of land to see what you could do or grow on it, this is what needs to happen with the planet in order to optimize what we are capable of as a species, resource wise.
Of course, many who consider the ideas presented above will often ask: "How can we do this considering the distorted value systems which are currently in operation.? How do we make such a move or transition?" This is, of course, the most difficult question. The answer: We have to start somewhere. There are many things that can be done by a single person or community that can begin to shape this vision. The most important step is education
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