MySpace Reduces Staff by Nearly 30%

Return to Start-Up Culture a Focus for Company Moving Forward
LOS ANGELES--(Business Wire)--
As part of a plan to restructure itself into a more innovative, efficient, and
entrepreneurial business, MySpace announced today that it will reduce its staff
by nearly 30%. This restructuring plan crosses all U.S. divisions of the company
and lowers the total number of domestic staff at MySpace to 1,000 employees.

"Simply put, our staffing levels were bloated and hindered our ability to be an
efficient and nimble team-oriented company," said MySpace Chief Executive
Officer Owen Van Natta. "I understand that these changes are painful for many.
They are also necessary for the long-term health and culture of MySpace. Our
intent is to return to an environment of innovation that is centered on our user
and our product."

"MySpace grew too big considering the realities of today`s marketplace," said
Jonathan Miller, News Corporation`s CEO of Digital Media and Chief Digital
Officer. "I believe this restructuring will help MySpace operate much more
effectively both structurally and financially moving forward. I am confident in
MySpace's next phase under the leadership of Owen and his team."

About MySpace

MySpace is a technology company connecting people through personal expression,
content, and culture. MySpace empowers its global community to experience the
Internet through a social lens by integrating personal profiles, photos, videos,
mobile, messaging, games, and the world`s largest music community. MySpace is a
division of News Corporation. (NYSE: NWS) (NYSE: NWS.A) (ASX: NWS) (ASX: NWSLV)

MySpace
Dani Dudeck
(310) 969-7148
ddudeck@myspace-inc.com
or
Tracy Akselrud
(310) 969-2813
takselrud@myspace-inc.com

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