Social Media

MySpace Still Pays $60,000 A Month For Parking & Other Stats From Company In Decline

image from As NewsCorp reportedly moves closer to deal to unload MySpace – or at least partner with someone to try to rebuild it – a variety of stats about the struggling social network are leaking. Some we knew, other are surprising and downright sad – particularly for a company that is losing money despite massive layoffs and supposed cost cutting measures. The surprising MySpace stats:

  • News Corp paid $580 million for MySpace in 2005
  • Offers to buy are under $100 million
  • MySpace still pays $60,000 a month for parking
  • MySpace still pays $800,000 a month in legal fees
  • The site had 7.1 million unique U.S. visitors in April
  • That's down 46% from the same period last year
  • Traffic is down from 70.9 million in April 2009, according to comScore. 
  • The News Corp digital division that includes Myspace reported an operating loss of $165 million in the last quarter.

Source: Wall Stree Journal



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  1. Get your facts straight, Houghton 😉 MySpace isn’t spending $60K/mo. on parking and $800K/mo. on legal retainers – the News Corp Digital Media Unit is.
    News Corp Digital Media encompasses Beliefnet, MySpace, Fox Audience Network, IGN Entertainment, Photobucket, and Fox Mobile Group. They’re also a partner with Hulu.

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