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The top social-networking site MySpace has grown to over 54 million users since its debut in 2004, attracting 2 1/2 times the traffic of Google Inc. and complaints that some site members are using MySpace to cause harm, reports Yahoo News. The free, ad-supported site allows registered users to personalize their profile features, upload photos, message friends, and update an online journal.
In one day, MySpace gets as many as 180,000 new users. As the network of members increases, so does the value of the service, inspiring MySpace owners to offer more features. With the growing success of the site, MySpace has started its own record label, plans to expand internationally, and hopes to offer services to filmmakers, comedians and fashion designers.
MySpace has recently had to address the worries of parents, schools and law enforcement officials that the site is exposing users - one forth of which are minors - to danger. The site is suffering a drop in advertising and the backlash of allegedly being connected with the murder case of a young girl. The validity of users profile information is also cause for concern.
All sectors of the media business will suffer from the weakened economy in 2008 and 2009, with a slump in local advertising particularly hurting newspapers and local TV, according to a new projection from Goldman Sachs.
Broadcast nets will experience…
The New York Times is shuttering its International Herald Tribune site; NYTimes.com will soon host the international news normally reserved for its sister website.
The move is not about cost savings, but rather about growth, NYTimes.com general manager Vivian Schiller…
Unilever’s Vaseline set forth on an unusual research project in a small town in Alaska. Setting up a storefront, the company began giving away free bottles of lotion and asking recipients to name the person who had recommended they come…
Meet the Press, the show hosted by Tim Russert for 17 years before his death last June, is beginning to slip in ratings.
Last month, CBS’s Face the Nation pulled ahead of Meet the Press for the first time in two…
Bloggers collectively create nearly one million blog posts each day, and half of bloggers believe blogs will be a primary source of news and entertainment in the next five years, according to Technorati’s 2008 State of the Blogosphere Report, MarketingCharts writes.…
Wal-Mart and Costco reported same-store gains in September, with sales rising 2.4% and 9% respectively. Sales at Target stores open at least a year fell 3%, writes Retailer Daily.
Below, fiscal results from the discount retail giants:
Sales of food and…
