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This is actually a pretty good summation of what happened to the social networking site, originally based in the South Bay and now part of News Corp.'s Bev Hills operation. As we posted yesterday, a deal for MySpace is expected this week. Video is from Next Media Animation.
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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LA Times sells out its front page to a Disney movieTHR's Stephen Galloway wins entertainment journalist of the year
Maria Elena Durazo profile names a key name *
Finke, Waxman, Penske, Min: Battle of the Hollywood trades
The real bad news from Tribune
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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.