Costs of supporting the social network MySpace in fiscal year 2011 will be $ 274 million.
It is reported on the website TechCrunch.
As reported in the same reporting period, the project will bring revenue of $ 109 million
News Corp predicted MySpace losses for 2011
Source of information regarding the planned financial performance of MySpace, was the company by Rupert Murdoch’s News Corp, which currently is the owner of this social service. The company intends to sell MySpace and prepared a forecast for potential buyers.
It is projected News Corp, in the next fiscal year, MySpace will bring profits, the amount of which will be $ 15 million by 2015 profit social network should reach $ 139 million.
News Corp. acquired social networking site in 2005 for $ 580 million. MySpace in less than three years has become one of the five most visited websites in the U.S.. However, in the spring of 2008, it ceded leadership of Facebook, since the gap between the number of audience is only growing.
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