MySpace Misses Its Guarantees, Costs The Company $100 Million - Henry Blodget

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MySpace Misses Its Guarantees, Costs The Company $100 Million
Nov 04, 2009 10:58 PM UTC

Henry Blodget

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Via Silicon Alley Insider:

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On the News Corp. (NWS) call tonight all three excutives -- Rupert Murdoch, Chase Carey, and Dave Devoe -- agreed that MySpace fell short of traffic targets, and therefore wouldn't get the $900 million in revenue from its deal with Google.

What they couldn't agree on was how much they wouldn't get.

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