MySpace

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MySpace is a popular social networking site that lets friends share, message and stay connected. The site lets you browse profiles, blog, email and join groups. MySpace also has videos, music and classifieds. Music artists can add friends, stream singles, and sell music, a concoction that has led to extremely viral success for artists such as Lily Allen and M.I.A.

Rupert Murdoch-helmed News Corp. acquired MySpace in June 2005 under its interactive business unit Fox Interactive Media based out of Los Angeles. Fox Interactive Media’s sole purpose is to build a dynamic portfolio of digital properties for News Corp. providing them better online reach for their other divisions. FIM president Ross Levinsohn wants FIM to “become one of the most exciting and innovative destinations on the Web.”

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