Specific Media

News Corp. (NASDAQ: NWSA) finally unloaded its floundering MySpace web property today and the price is rather shocking - $35 million. The company paid $580 million for MySpace in 2005, and was hoping to fetch around $100 million for the social networking site. The buyer is a company called Specific...

Does MySpace have any value left in it? Remarkably, yes – it does. And that value goes beyond whatever price Specific Media paid to acquire the social networking entity. Everyday, when millions of people sign into Pandora and other online radio stations, I sign into MySpace. I don't use the site...