I'm glad newscorp is letting them go. MySpace isn't the kind of company that fits well with uncle Rupert's business philosophy. During his tenure as the owner of the company they've donked off tens of millions of users because he doesn't get the Internet and never will. That said, there's still tens of millions of users on the site and it can become a viable business once again. Will it ever come back to where it was before FaceBook? Probably not. But it can still be a business that generates hundreds of millions annually. Which by any metric isn't bad.