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Looks like the social networking site is really switching gears. WSJ reports that the unit of News Corp. will focus on accessing entertainment and related information (MySpace had been headed in that direction for some time). Plans are still not firmed up, but the Journal quotes insiders as saying that new features will roll out in the coming months. All this comes amid a shakeup that resulted in the U.S. staff being cut by 30 percent (MySpace is run out of News Corp's online HQs in Bev Hills).

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6:50 PM Thu | Largest crowd for a Walk of Fame star ceremony that many could remember, outside the Capitol Records tower on Thursday. Photo by Gary Leonard.