News Corp. On MySpace: "Current Losses Are Not Acceptable"
To be clear: we don’t mean to spread rumors or alarm anyone. But MySpace employees might want to consider setting aside some extra money and updating their LinkedIn profiles, as one News Corp. exec hinted during an earnings call that a drastic cost-cutting action of sorts may occur. A large round (or two) of layoffs […]
Amazon Halts Sales of Some eBooks in Publisher Pricing War
The Amazon vs. Apple digital book pricing war wages on as Amazon halts sales of certain electronic titles from publishers Penguin and Hachette. The war began shortly after the iPad was first announced, when Amazon halted sales of Macmillan books in response to collapsed pricing negotiations. Whereas Amazon had previously dealt with publishers under a […]
MySpace Co-Presidents Reveal Company’s Plan for the Future [INTERVIEW]
We had a chance to step into MySpace HQ for a chat with new Co-Presidents Jason Hirschhorn and Mike Jones, who preside over the News Corp.-owned social network from a shared desk in Beverly Hills. The joint office speaks to how closely Hirschhorn and Jones are working together to create a unified vision of the […]