It is understood the company will not end its presence in the UK but its London office will be reduced to a small team, with the majority of content updates being automated (as we reported here).

As part of ongoing plans, Myspace has announced an alliance with .Fox Networks, the online division of Fox International Channels, in the UK, whereby .Fox becomes the exclusive advertising and sponsorships sales partner for Myspace UK.

Myspace CEO Mike Jones says the job ...