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Saving MySpace

CEO Mike Jones is giving it a try with a redesign of the clunky social network site. Actually, Jones isn't even calling it that anymore - it's now a "social entertainment destination." As he explains to All Things Digital's Kara Swisher, the new focus will be on the Gen Y crowd and its interests in moves, TV and music. Bev Hills-based MySpace is owned by News Corp., which has been struggling to revive the site almost from the time that it unwisely acquired the company some years back - right before Facebook swallowed up the whole category.


More by Mark Lacter:
Barry Diller's many paychecks
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Former Calpers CEO charged with fraud*
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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about

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