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.

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