You know what's cool? Owning a MySpace — at least according to singer and actor Justin Timberlake, who just helped buy the failing social network for $35 million.
Reports indicate that IGN is set to acquire UGO, with the plan being for the former to split off from its parent, News Corp., and continue building its gaming-focused website as one of the top sources on the Internet.
Hulu says it's on track to have 1 million subscribers by the end of 2011, claiming that'll be the fastest launch of any online video subscription service.
Myspace Music President Courtney Holt is reportedly stepping down from his post amidst rumors that parent company News Corp. is making moves to sell off Myspace.
2010 wasn't great for MySpace, and 2011 might be off to a similar start. A report says the company could be slashing its number of employees in half sometime soon.
Mark your calendars. December 9 may mark an Apple-News Corp announcement that many believe is the long-awaited introduction of subscriptions for the iPad.
After shelling out $580 million for MySpace and getting little to show for it, News Corp is ready to administer some tough love to its under-performing Web property.