MySpace to launch revamped website

MySpace will on Wednesday launch a fully revamped version of its website in a move aimed at repositioning the company ahead of a decision on its future by its owner, News Corp.News Corp has been considering its options for MySpace, including a sale, according to people familiar with the plans. But it has been holding off on making a decision until Wednesday’s relaunch as a social entertainment hub, which executives hope will breathe new life into the site. see:For Myspace, a Redesign to Entice Generation Y
All but eclipsed by Facebook and Twitter, Myspace is aiming for a comeback.The onetime king of social networking plans to revamp its Web site beginning on Wednesday, narrowing its focus on entertainment for people 13 to 35 years of age, also known as Generation Y.

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