MySpace in talks to buy imeem

(AP) -- Online social hub MySpace is in talks to acquire struggling free music streaming site imeem, two people familiar with the matter said Tuesday.

MySpace buys imeem music site for under $1 mln

(AP) -- MySpace's online music venture with recording labels completed its purchase of song streaming site imeem on Tuesday, scooping up its 16 million users and mobile phone applications for less than $1 million.

Upbeat entrepreneurs interact at South by Southwest

Unemployment is at record highs, and many businesses are going bankrupt or closing. Yet, during the South by Southwest Interactive Festival this month, it was easy to forget how bad things are.

MySpace co-president steps down

MySpace said Thursday that co-president Jason Hirschhorn has decided to leave the social network, four months after being named to the job.

Teens getting creative with Web 2.0 tools

A pilot study of teens and their use of Web 2.0 technologies confirms what most parents probably already know: Teens are really good at it.

News Corp 4Q loss hits $203M on MySpace writedown

(AP) -- Global media company News Corp. says its fourth-quarter net loss hit $203 million due to huge impairment charges at MySpace, while its operating profit for the year was slightly worse than it predicted due to the ...

News Corp. hires more MySpace executives

(AP) -- News Corp. has hired two new executives at MySpace, expanding the online hangout's management team after having just replaced its CEO on Friday.

Google to keep powering MySpace ads, search

MySpace on Thursday announced that Google will continue to power advertising and search at the flagging online social network under pressure to improve its financial performance.

Evite rival Socializr launches events aggregator

(AP) -- Socializr, the online invitations startup from Friendster founder Jonathan Abrams, now helps users manage their events from sites like Facebook, MySpace, Evite and Meetup.

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