Details of Myspace's losses revealed

TechCrunch has leaked details of the pitch book that parent company News Corp. is sending to potential buyers.

It states that projected revenues for the fiscal year (to June 30 2011) at Myspace will be $109m (?67m) but expenses and running costs will total $274m (?168m).

News Corp. has issued revenues projections for Myspace of $101m (?101m) next year which will grow to $139m (?85.4m) in 2015.

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start free Trial

Register for a Music Week trial to access this article. Sign up today and you will receive:

  • 4 weeks access to news, features and chart analysis
  • 4 Digital issues of Music Week
  • The Music Week app
  • Tailored email news alerts
Start your free trial

Subscribe

If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...