Latest in MySpace

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…

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…

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…

The news is not surprising since he’d been unhappy at the company for some time and had been a leading candidate for the Yahoo CEO job. “While my time spent has been productive, it feels like the right time to exit,” Jon Miller said in a statement. “I look forward to pursuing new ventures that will lead me back into…

Viacom chairman Sumner Redstone stunned the entertainment industry in 2006 when he fired CEO Tom Freston. One of the chief reasons for the move was that Freston hadn’t moved decisively enough to buy MySpace, enabling Rupert Murdoch to pick up what was then the most popular social networking site for $580 million…

UPDATE: 3:16 PM: The official release from new MySpace owner Specific Media had an interesting bit of news in it: Justin Timberlake will take an ownership stake in the social-media site “and play a major role in developing the creative direction and strategy for the company moving forward.” It’s unknown how much he is…

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…

Burbank, California – July 27, 2010—The Walt Disney Company has agreed to acquire Playdom Inc., one of the leading companies in the fast-growing business of online social gaming. Playdom shareholders will receive total consideration of $563.2 million, subject to certain conditions, and a performance-linked earn-out of…