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(Image from article: "Co-president Hirschhorn to leave MySpace")

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News Corp. Unloading MySpace. So What's It Worth? A Timeline

News Corp. isn’t ready to pull the plug on MySpace just yet, but it is prepared to cut the cord. CEO Mike Jones told employees yesterday that the media conglomerate is “exploring strategic options” for the past-its-prime social network. That could mean a sale, a merger (Yahoo could be a candidate) or a spinoff. The last scenario is the most likely, reports The Wall Street Journal.

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Co-president Hirschhorn to leave MySpace

After just four months on the job, co-president Jason Hirschhorn is leaving the struggling social networking site, MySpace. The other co-president, Mike Jones, will now lead the company. Hirschhorn confirmed his departure on Twitter.

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