MySpace Partners with Citysearch to Launch `MySpace Local`

MySpace and Citysearch Create a New Social Directory for Every Small Business in
America
LOS ANGELES--(Business Wire)--
MySpace, the world`s premiere social portal, today announced a partnership with
Citysearch, a leading online local guide and an operating business of IAC
(NASDAQ: IACI), to beta launch `MySpace Local`-a social directory of small
business profiles allowing users to review, rate, and share content from
businesses nationwide. MySpace Local marries Citysearch`s database of local
businesses with the nation`s largest and most engaged social community to create
new tools for users and small businesses to connect. Coors and Outback
Steakhouse are the inaugural brand sponsors for the launch of MySpace Local.

"Today`s announcement marks a defining moment in MySpace`s emergence as a social
portal," said Chris DeWolfe," CEO and co-Founder of MySpace. "MySpace is about
the discovery of content and culture through the lens of your friends. Building
on the success of Music and Video, MySpace Local represents both an evolution in
social discovery and a revolution of our larger content strategy."

MySpace Local: Product Overview

Small Business Listing Pages

* MySpace has leveraged Citysearch`s database which includes major cities
nationwide
* Citysearch businesses are available on MySpace Local via small business
listing pages
* Small business categories available at launch are: (1) Restaurants, (2) Bars,
and (3) Nightlife
* Listing pages empower users to rate, review, and share content in real time
* Users can access business photos, menu, videos, maps, and hours of operation
* Viral functionality includes allowing users to add the business to their
profile, share the listing, and bookmark the business
* Business listing pages include a user review module
* Display offers for coupons on the local business listing pages

City Hubs

* MySpace is launching "hubs" for all major U.S. cities
* City hubs include new local search functionality
* Users can search by: (1) Neighborhood, (2) Small Business Categories, (3)
Cuisine Type
* Users can browse by subcategories like Cuisine Type, Neighborhood, Club/Bar
Category
* Hubs include citywide user reviews
* Celebrity reviews featured on each hub page, top celebrities rate and review
their favorite hot spots

This week, the company is launching the new MySpace Local product for a test
group of users to enlist a first round of reviews-the product will beta launch
for all users nationwide next month. MySpace Local will expand in the coming
months to include more categories including personal and professional services
(e.g. doctors, dentists, or dry cleaners), hotels, travel, and attractions.
MySpace Local will roll globally on an iterative basis with additional features
including mobile functionality and more options for businesses and users to
contribute content to the listing page.

"MySpace Local offers American small businesses a free way to reach more than 70
million local MySpace customers and engage in the online conversation," said
Jeff Berman, president of Sales and Marketing for MySpace. "Word-of-mouth has
always been the most powerful form of marketing-today we`re putting the 21st
century version of social discovery in the hands of every local business."

A Social Directory Within A Community

MySpace Local marries Citysearch`s database of local businesses with the
country`s largest and most engaged social community. The product empowers users
to discover new businesses, create reviews and ratings, and share their
experiences with their MySpace community. Any rating, review, or recommendation
surfaces into a user`s `Friend Update` feed enabling all users to discover
content within the context of their personal community.

Community functionality includes:

* Reviews, ratings, bookmarks from you and your friends will surface in the
`Friend Updates` feed
* View reviews by everyone or filter to surface results only from your friends
* Add a favorite small business to your profile to show friends your favorite
locations, otherwise known as "profile badging"

"MySpace`s free local offering provides incredible value to small businesses
nationwide and we are excited to be powering it with our platform," said Jay
Herratti, CEO of Citysearch. "This social marketplace will transform the way
small businesses find new customers using MySpace, and Citysearch will then help
them further extend their reach across the Web. Together, we`ll represent a
great marketing strategy for small businesses."

MySpace will continue to roll out new features and functionalities that focus on
providing the best social directory available to local businesses and users
nationwide.

For more information on how to list a small business on MySpace Local please
visit local@myspace-inc.com.

About MySpace

MySpace is the world`s leading social portal for connecting people, content, and
culture. MySpace empowers its global community to experience the Internet
through a social lens by integrating personal profiles, photo sharing,
professional and viral videos, blogs, mobile, instant messaging, and the world`s
largest music community. MySpace is the highest trafficked website in the United
States and includes an international network of more than 30 local community
sites throughout North America, Latin America, Europe, Asia, and Australia. Fox
Interactive Media is a division of News Corporation. (NYSE:NWS) (NYSE:NWS.A)
(ASX:NWS) (ASX:NWSLV).

About Citysearch

Citysearch is the essential online local guide for living bigger, better and
smarter in your city and neighborhood. Combining in-the-know editorial
recommendations, candid user comments, and expert advice from local businesses,
Citysearch offers users a balanced perspective to keep people connected to the
most popular and undiscovered places in over 75,000 destinations nationwide.
Citysearch is an operating business of IAC (NASDAQ: IACI). For more information,
visit www.citysearch.com.

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MySpace
Tracy Akselrud
310-969-2813
takselrud@myspace.com
or
Dani Dudeck
310-969-7148
ddudeck@myspace.com
or
Citysearch
Nicole Myden
310-360-4415
Nicole.myden@citysearch.com
or
Brandi Willard
310-775-3738
Brandi.Willard@citysearch.com

Copyright Business Wire 2009