Friday, June 18, 2010

FT.com / Technology - MySpace president quits 5 months after reshuffle

More near-term bad news for MySpace, apparently

The departure also comes ahead of a deadline in two weeks when MySpace’s lucrative internet search deal with Google expires. News Corp secured a landmark deal in 2007 to be paid $900m to use Google’s search and advertising services.

Google may be paying $100m less on the original contract as the deal was contingent on meeting minimum traffic requirements, which had fallen short, News Corp executives said late last year. It is not immediately clear if it would be able to replace the deal or with whom.

FT.com / Technology - MySpace president quits 5 months after reshuffle

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