The news comes as MySpace continues to struggle with the new social networking landscape, where it has been lingering in the ominous shadow of Facebook. Even after MySpace completed a much-needed redesign and then laid off 50% of its staff, parent company News Corp. still isn't satisfied with the financial picture at the site. News Corp. is considering other options as well -- including bringing new investors on board -- but a sale certainly seems like the option they'd be most happy about.
Source: PaidContent
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