Some latest executive comings and goings from digital companies that begin with “M”...

News Corp lost $254 million on MySpace, the company said as it reported revenue that beat analysts’ expectations. The loss pushed News Corp.‘s Q4 net income down 22 percent to $683 million.

The phone-hacking and police bribery scandal swirling around News Corporation (NSDQ: NWS) has revived long-simmering questions about Rupert Murdoch’s leadership of the U.S.-based conglomerate. To his critics, Murdoch is guilty of rampant nepotism, mismanagement, and even breach of fiduciary duty, as an ongoing shareholder lawsuit claims.

The idea of social networks as a place to listen to and share music is one that MySpace (NSDQ: NWS) should have owned. But its gradual decline has left the field open for others to take up the opportunity. The European social network Netlog is partnering with the music streaming…

—Turner Broadcasting: The company has confirmed that Anthony Lukom is VP and GM of UK and Ireland for Turner in Europe. He will lead the broadcaster’s regional entertainment business, which includes the Cartoon Network, Boomerang, Cartoonito, Turner Classic Movies (TCM) and Adult Swim. He’s responsible for programming strategy, content syndication…

He may not have realized it at time of writing, but Justin Timberlake foretold the MySpace (NSDQ: NWS) story through his music—long before acquiring a stake in the social network as part of Specific Media’s rescue attempt. Here is some office listening material for the remaining MySpace employees to brush…

Maybe the second time’s a charm? MySpace (NSDQ: NWS) has been bought by ad network Specific Media with Justin Timberlake as an owner and a role in developing creative direction and strategy. On this second sale, the price tag was $35 million—only a few hundred million short of the $580…

Online ad firm Specific Media has agreed to take MySpace off News Corp.‘s hands for between $35 and $40 million, according to AllThingsD and the WSJ. News Corp., which was seeking about $100 million for MySpace, will retain a minority stake in the social net. MySpace has officially confirmed the…

Several parties are still negotiating to buy all or part of MySpace (NSDQ: NWS), building to a possible conclusion before News Corp.‘s fiscal quarter closes at the end of the week. At the same time, MySpace is slashing costs with yet another major staff cut: paidContent has learned that likely…

Despite its running costs having been cut in a recent restructure, ongoing falling advertising and search income at MySpace (NSDQ: NWS) was the primary reason for Q3 losses in News Corp.‘s Other segment growing by a tenth from last year, to $165 million.

The music videos service Vevo is not in discussion about an alliance with for-sale MySpace (NSDQ: NWS), as recent reports suggested, its CEO Rio Caraeff tells paidContent.

The cost to News Corp (NSDQ: NWS) of getting MySpace in to shape? A big chunk of $275 million in the last three months of 2010 alone. That was the Q2 total for devaluing its Digital Media Group and for the MySpace restructure and layoffs, recorded as a pre-tax accounting…

News Corp. (NSDQ: NWS) is now definitely looking for a MySpace buyer - but may yet retain part of the site. “With a new structure in place, now is the right time to consider strategic options for this business,” COO Chase Carey told analysts. “The new MySpace has been very…

Even as MySpace (NSDQ: NWS) has floundered in recent years, it’s hung on to an important user base—artists, particularly musicians, who have relied on the site to provide them with a digital home on the web and a place to showcase their work. Now that the site has laid off…

MySpace has done what few can claim to have accomplished so far this new year: cut its weight nearly in half by slashing close to 500 jobs from the payroll. The social-network-turned-social-entertainment-hub skyrocketed to attention after its 2004 launch and by 2005 was viewed by mainstream media like Viacom (NYSE:…

As has been rumored for weeks, MySpace (NSDQ: NWS) is cutting 500 employees, or nearly half of its workforce. The social networking, which made the announcement this morning as all eyes were on Verizon’s iPhone news, says it’s making the cuts “to provide the company with a clear path for…

With MySpace on borrowed time in News Corp (NSDQ: NWS). is the once-mighty social network due to make further cutbacks?

Chase Carey used the same language to set two very different timescales for some of his key businesses during News Corp.‘s Wednesday analyst call. Carey, president and COO, set a turnaround clock on under-performing MySpace: “This is something we judge in quarters, not in years.” But, on digital news publishing,…

Forgive yourself if you forget about your friends on the new version of MySpace: entertainment is your new BFF on News Corp.‘s update of the struggling social network, which was unveiled Tuesday at midnight PT.