Click to Skip Ad
Closing in...
Kristen Stewart Is First American Actress Nominated for César Awards in 30 Years; 'Saint Laurent' Leads with Ten Kristen Stewart Is First American Actress Nominated for César Awards in 30 Years; 'Saint Laurent' Leads with Ten How They Sustained the Times Square Momentum in 'Birdman' VIDEO How They Sustained the Times Square Momentum in 'Birdman' VIDEO 6 Things to Know About Sexy Sundance Breakout 'Diary of a Teenage Girl,' Part of Sundance's Women's New Wave 6 Things to Know About Sexy Sundance Breakout 'Diary of a Teenage Girl,' Part of Sundance's Women's New Wave Sundance Raves About Ewan McGregor as Jesus and the Devil in 'Last Days in the Desert' Sundance Raves About Ewan McGregor as Jesus and the Devil in 'Last Days in the Desert' Watch: Jason Segel on Playing David Foster Wallace in Sundance's 'End of the Tour' (Exclusive Interview) Watch: Jason Segel on Playing David Foster Wallace in Sundance's 'End of the Tour' (Exclusive Interview) Filmmakers, Give Us Your Numbers! Sundance and Cinereach Unveil The Transparency Project Filmmakers, Give Us Your Numbers! Sundance and Cinereach Unveil The Transparency Project Sundance Market Explodes with 'Me and Earl and the Dying Girl' and 'Diary of a Teenage Girl' Sundance Market Explodes with 'Me and Earl and the Dying Girl' and 'Diary of a Teenage Girl' Top Ten Takeaways: Polarizing 'American Sniper' Speeds Past $200 Million; Lopez Trounces Depp Top Ten Takeaways: Polarizing 'American Sniper' Speeds Past $200 Million; Lopez Trounces Depp Arthouse Audit: Panic Time? 'Mommy,' 'Red Army,' 'Black Sea,' 'Cake,' 'Duke of Burgundy' All Disappoint Arthouse Audit: Panic Time? 'Mommy,' 'Red Army,' 'Black Sea,' 'Cake,' 'Duke of Burgundy' All Disappoint 2015 PGA Winners: 'Birdman' Steals 'Boyhood''s Awards Season Thunder 2015 PGA Winners: 'Birdman' Steals 'Boyhood''s Awards Season Thunder Watch: Nicole Kidman Talks 'Strangerland' at Sundance (Exclusive Video Interview) Watch: Nicole Kidman Talks 'Strangerland' at Sundance (Exclusive Video Interview) Sundance Acquisitions Market Heats Up with 'The Bronze' and 
'The Witch' Sundance Acquisitions Market Heats Up with 'The Bronze' and 'The Witch' Sundance: Netflix Inks Four-Picture Deal with Duplass Brothers Sundance: Netflix Inks Four-Picture Deal with Duplass Brothers Early Reviews Portend Sundance Breakout in Stylish Historical Horror 'The Witch' Early Reviews Portend Sundance Breakout in Stylish Historical Horror 'The Witch' Sundance: 5 Things to Expect From Alex Gibney's Damning Scientology Doc 'Going Clear' Sundance: 5 Things to Expect From Alex Gibney's Damning Scientology Doc 'Going Clear' Martin Scorsese Breaks Long-Awaited 'Silence,' Set to Begin Filming This Month Martin Scorsese Breaks Long-Awaited 'Silence,' Set to Begin Filming This Month Watch: Meet the Women of 'Birdman' (Exclusive 4-Minute Featurette) Watch: Meet the Women of 'Birdman' (Exclusive 4-Minute Featurette) Watch: Hitchcock's Thwarted Holocaust Documentary Comes to HBO Watch: Hitchcock's Thwarted Holocaust Documentary Comes to HBO Best Actor Oscar Predictions 2015 UPDATED Best Actor Oscar Predictions 2015 UPDATED Oscar Predictions 2015 Oscar Predictions 2015

Media Watch: Selling MySpace for a Song, Tina Brown Defends Photoshopping Princess Diana

Photo of Anne Thompson and Maggie Lange By Anne Thompson and Maggie Lange | Thompson on Hollywood June 30, 2011 at 5:03AM

For $35 million, mostly in stock, Specific Media acquired Myspace, for a "garage sale price," wrote The Wrap. Specific Media, an advertising network, used Justin Timberlake as their hook, said their CEO in an interview. The pop star, actor and modern fedora-wearer agreed to play a “major role” in fostering the creative direction for the company, which he prepped for playing a savvy internet mogul in The Social Network. Specific's new strategy for MySpace will be to organize users around their interests, like music, rather than their social life.
0
Thompson on Hollywood

For $35 million, mostly in stock, Specific Media acquired Myspace, for a "garage sale price," wrote The Wrap. Specific Media, an advertising network, used Justin Timberlake as their hook, said their CEO in an interview. The pop star, actor and modern fedora-wearer agreed to play a “major role” in fostering the creative direction for the company, which he prepped for playing a savvy internet mogul in The Social Network. Specific's new strategy for MySpace will be to organize users around their interests, like music, rather than their social life.

Here's the LAT and NYT. News Corp got plenty of value out of Myspace, which it acquired six years ago for $580 million, but focused on monetizing the site rather than serving its members, as Facebook has relentlessly done. Myspace proves a useful example of what happens when a successful dotcom is bought by a larger corporation. (Rotten Tomatoes did no better when it was part of Fox Digital Media, and is now part of the independently run Flixster, owned by Warner Bros. Home Entertainment). At the time Viacom chief Sumner Redstone (who has been keeping a low profile of late) fired his chief executive Tom Freston over not grabbing Myspace. Redstone dodged a bullet.

Thompson on Hollywood


Meanwhile, Google is introducing Google + in a bid to compete with Facebook's social network. While some of us have not yet been invited (remember Google Wave, Google Buzz?), Google + is all over Twitter. It offers group text messaging and group chatting and could boost Android sales. Here's the NYT.

In what looks like a desperate circulation-driven move very early in her tenure as Newsweek editor-in-chief, Tina Brown found herself on the firing line for placing a photoshopped image of Princess Diana on the July 4 cover of Newsweek. She defended her actions: "I wanted to make her a time traveler," she said on MSNBC's Morning Joe.

Well, she got attention, but it may not have been what the editor-in-chief of both Newsweek and The Daily Beast (and author of the 2007 NYT bestseller The Diana Chronicles) was bargaining for when she wrote the cover story that imagines what the Princess of Wales' life might be like if she had lived. Newsweek even created a spurious Facebook page for the People’s Princess. Brown's article is doting and sycophantic, and far from the dry newsy Newsweek's signature style. But someone has to breath life into the dying weekly. You can argue that vociferously negative media reaction--the Atlantic Wire’s Adam Clark Estes called the cover story“creepy"--is better than no readers at all.

This article is related to: Web/Tech, Daily Read, MySpace


E-Mail Updates