MySpace guys re-up

This wouldn't be worth mentioning if it weren't for all the bluster some months back about the astronomical salaries that Tom Anderson and Chris DeWolfe, the networking site's two founders, had been "demanding" from Rupert Murdoch's News Corp. DeWolfe and Anderson had reportedly been looking for a two-year deal worth $50 million (Nikki Finke says that News Corp. was offering a little over half that). Anyway, Portfolio's Jeff Bercovici is posting on his Mixed Media site that they've reached a deal. An announcement is expected “any day now," but don’t look for any details on price from News Corp. DeWolfe is supposedly taking on more responsibilities at Bev Hills-based Fox Interactive, where MySpace is based.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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