News Corp. Sells MySpace For Just $35 Million
BOSTON (CBS) - Social networking is one of the fastest growing segments on the internet, but an early-entry company in that space has officially been labeled a loser.
News Corp. has agreed to sell MySpace.com to Specific Media for just $35 million, a fraction of the $580 million the company paid for it just half a dozen years ago.
WBZ NewsRadio 1030's Anthony Silva reports.
