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WASHINGTON (AFP Reuters) ¨C News corp sales. Wednesday Myspace for a fraction of the purchase price. To bring the curtain down on Rupert Murdoch tie-up with one-time social network stars that end is older by Facebook. Corp purchased Myspace ... news in 2005 for $ 580 million. Buy digital media specifically targeted advertising beats headphonesplatform which said monetary agreement is confidential. News corp's technology blog: all the things that makes the purchase price at 35 million. However, digital and said negotiation include slashing approximately one-half of the staff of MySpace of between 400 and 500 people. Tim Vanderhook Chief Executive of media specific by Irvine, California, "MySpace is a recognized leader that has pioneered social media space, said in a statement. "The company has changed the way audiences discover eaten and the fight against online content Vanderhook said" We hope our architecture includes driving the next generation of innovation, digital activities. Vanderhook says News Corp. will take a minority equity stake in the media that is identified as part of the negotiations, according to all things Digital News. Corp. maintains bet 5 to 10 percent on MySpace Myspace, which was launched in 2003 asbeats graffiti limited a Web site navigation, social networking on the Internet when it was acquired by News corp. six years ago, but it has been losing members to Facebook for years. By tracking company comScore, Myspace was only 21.8 million monthly us visitors in August 2005 of Facebook 8.3 million. Facebook over Myspace in number of visitors we in 2009 and may simply keep adding users since then, while that is a member of MySpace eroded, according to comScore. In May, Facebook only 157.2 million monthly us visitors compared to MySpace's. 34.9-comScore says Facebook,monster beats studio which was launched in 2004 with nearly 700 million subscribers worldwide. Myspace chief executive Mike Jones to save that company employees received by Carnival theme technology blogs says he will leave Myspace in the two months after the media-specific assistance with transitions. "While I regret we couldn't work together at MySpace. I am very proud of the work we do here and believe that we are working with excellent-even under extremely difficult circumstances, said Jones. MySpace went through a series of layoffs and Executive Chairman of makeovers of the year last as News corp monster beats jamesto eliminate search. loss and reverse the denial of membership. According to the popularity of Myspace has waned, find secret itself just as a destination for music fans. Lee Brenner, former Myspace employee said Wednesday in a blog post that Myspace's slide was probably the result of several factors. "I am sure that most employees (past or present) have argued that it is poor management, or target revenue when monster beats red soxnews. Corp. over or bottlenecks in the Department of technology, or lack of resources, Part of them, or through public relations efforts, etc. that set the course of the downfall of MySpace, "Brenner says. "Most of the combination of these factors, along with public interest low magnification, says Brenner writes that site he co-founded called Hypervocal. "It would not be able to help you do business and strive to grow together with all of these issues in the midst of economic crisis around the world, said Brenner, the Myspace of executive producer of political programming from 2007 to 2009. News Corp. Chief Operating Officer Chase Carey put Myspace announced in November that the losses from the social network is "unsustainable" and news and entertainment giant to enter Myspace for sale in January. News Corp. was reportedly for $ 100 million for the site. According to the News corp boss of Wall monster beats kobe bryantStreet. "Journal has two leading bidders for Myspace-specific media to chase stocks, purchase and private firm Golden Gate Capital. News Corp. does not split results for Myspace in earnings, but the "other" Segment, which includes social networking Reports second quarter operating loss of 156 million, $ 31. Lankwang over a year earlier.