REPORT: News Corp. In Talks To Hand Over Control Of MySpace To Vevo

News Corp. is in preliminary talks to give control of Myspace to, the site partly owned by top record companies, including Universal Music and Sony Music, according to a Bloomberg report. News Corp. has been looking to unload the social media site, which continues to lose ground, despite the recent redesign and ramped up entertainment content. A year ago, Owen Van Natta stepped down as MySpace’s CEO, replaced by Mike Jones and Jason Hirschhorn.

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