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CEO Mike Jones is giving it a try with a redesign of the clunky social network site. Actually, Jones isn't even calling it that anymore - it's now a "social entertainment destination." As he explains to All Things Digital's Kara Swisher, the new focus will be on the Gen Y crowd and its interests in moves, TV and music. Bev Hills-based MySpace is owned by News Corp., which has been struggling to revive the site almost from the time that it unwisely acquired the company some years back - right before Facebook swallowed up the whole category.
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.