MySpace Traffic Drop Costs News Corp About $100 Million
Wired, November 6, 2009
By Eliot Van Buskirk
The MySpace social media network's traffic has dropped so much that it will fail to satisfy a minimum traffic level crucial to parent company News Corp.'s three-year $900 million advertising deal with Google, inked in 2006, that made Google the exclusive search advertiser on MySpace -- then the world's most popular social network.
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