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Looks like the social networking site is really switching gears. WSJ reports that the unit of News Corp. will focus on accessing entertainment and related information (MySpace had been headed in that direction for some time). Plans are still not firmed up, but the Journal quotes insiders as saying that new features will roll out in the coming months. All this comes amid a shakeup that resulted in the U.S. staff being cut by 30 percent (MySpace is run out of News Corp's online HQs in Bev Hills).
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.