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MUSIC STAR JUSTIN Timberlake has teamed up with a US advertising firm to buy MySpace for just 6 per cent of the amount it cost Rupert Murdoch’s News Corp when it bought the now floundering social network in 2005.
The star of the Facebook inspired movie The Social Network will take a stake in one of its rivals and shape its strategy alongside the US advertising agency Specific Media, the Telegraph reports.
Timberlake played the Napster founder Sean Parker in the hit movie The Social Network which told the story of the founding of Facebook, the social network which has enjoyed extraordinary success to the detriment of MySpace, a site originally founded for users to share their musical interests.
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The $35 million (€24m) deal is a small fraction of the $580 million that Murdoch’s News Corporation paid for MySpace in 2005 when it was the dominant force in social networking after it was founded in 2003.
Only three years it was still the world’s biggest social networking site but since Mark Zuckerberg founded Facebook, the site has been in decline and is predicted to go out of existence by 2012.
NewsCorp wanted $100 million for the company, but had to settle for significantly less, the Guardian reports.
The deal is expected to see MySpace shed more than half of its 500 jobs. This follows a 30 per cent cut of staff in April 2010 and a further cut of nearly 50 per cent in January of this year. Two years ago, the company employed 1,400 people.
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It’s understandable that she would be upset, she loved her father and no doubt misses him. It would be natural for any child to wish to protect the memory and reputation of their parents but the facts do speak for themselves
He was a ‘yes’ man and that explains how he became Minister of Justice. She can live in denial but he was caught and later admitted what he did, so what’s her problem with the truth???
“She said that nothing about that period in Irish politics was portrayed accurately in the programme and said there was no attempt to show the climate of the time.”
Unfortunate the climate has not changed one little bit since then,my girl.!
Cronyism and stroke politics is alive and well in Ireland,to this day.
Isn’t it funny how Haughey fell over illegal Garda tapes and Enda is still holding firm – it’s almost like living through life as if Charlie had gotten an overall majority if you think of it that way !
And if it you look at it that way it makes Labour and Joan Burton et al. look very poor indeed , which I am sure they are not – Optics is very important in politics.
Do the offspring of Ministers in this country ever end up doing an honest days work in their lives. I see this one is leeching away quite nicely in a council
Don’t understand your question? Every public rep whether at council or government level are voted for by the people of this country – that’s a fact she didn’t walk into it without someone voting for her – your comment implied otherwise and is simple nonsense. And I doubt she went out with a shovel and fixed anyone’s footpath.
Should have learnt from Mary O’Rourke and paid out for a whitewashed biography of PR spin.
You can’t polish a turd but can probably stick a few sparklers on it as a distraction…
But sure isn’t it fiction – a drama ..
I miss Scrap Saturday and I haven’t seen Irish Pictorial Weekly in a while ?
They say Charlie got rid of Scrap Saturday – and look how Charlie turned out ….
Parallels between Doherty’s time and now. Shatter had to resign as Minister for Justice over the Martin Callinhan affair….but do any of us know the real reason ? so let me see who would be Charlies equivalent of deniable culpability……hmmmm
O’Rourke pointed out that the programme covered factual events from Irish politics in 1982, but Councillor Doherty said, “Regarding events my father was allegedly involved in, first of all I have to say I was 12 years of age and the youngest girl in the house was two and I have no information or any wish to comment on those particular events in my father’s career.”
You have to be a bit of a gangster to be a politician. I honestly don’t think a 100% straight nice man or woman would get nowhere in politics. Not a member of any party and don’t like any of them but just saying.
Having actually met the man a few times as he was a friend of my fathers, I would not be happy if I was his daughter/son at the portrayal and I feel that the portrayal of him was inaccurate on the whole…….only my opinion !! but I will say one thing…You wouldn’t get too many people in North County Roscommon talking bad of him
RTE are just as corrupt and devious as any politician.
Look at what they did to Sean Gallagher on the Presidential election debate, a few years ago. They derailed his campaign live on air with a fake tweet.
Not a fan of Gallagher by any means or did not vote for him – but very suspect broadcasting standards from RTE.
They ensured that the presidential candidate they wanted got elected.
She’s right to be annoyed at the caricaturisation of her father in the series. He comes across as a bumbling bumpkin; he was nothing of the sort.
Sean Doherty was no angel, but he wasn’t the decision-maker. My abiding memory of him is his courageous outing of haughey on nighthawks, a move that ended haughey’s career and showed him up as a liar.
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