MySpace, which was once the most trafficked website on the internet, has admitted that some 50 million user-uploaded songs as well as other files have been lost due to a server malfunction.

Concern has been mounting on Reddit and on social media over the past year as users who kept their files on MySpace started having…

Amid the orgy of congratulation and self-congratulation last week, it was difficult to find anyone pumping the hand of Philippe Dauman. It was exactly 10 years ago that the Viacom CEO took office, yet today he takes the rap for putting his company on the corporate casualty list.

In assuming his duties a decade ago, Dau…

Serial entrepreneur Richard Rosenblatt thinks he’s found the next hot thing again: the mobile app Whipclip, launching today, that makes it easy for TV fans to snip and share pieces of video from more than 90 network shows.

“Everybody is thinking forward, about how to share video,” Rosenblatt said in demoing the app to…

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News Corp. is in preliminary talks to give control of Myspace to Vevo.com, 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…

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