Time Inc buys…MySpace?
MySpace nonetheless exists. Loopy, proper? The as soon as monolithic social community had pale into irrelevancy till it was relaunched with a bit of assist from Justin Timberlake again in 2013. The recent coat of paint wasn’t sufficient to reinvigorate the platform, nevertheless, and it is now being bought as a part of its father or mother firm Viant to Time Inc. Yep, that is the identical Time Inc that publishes Time, Fortune, Leisure Weekly and an entire bunch of different magazines. The corporate described the acquisition as “recreation altering,” most certainly in reference to Viant’s broader advert-tech enterprise. MySpace does, supposedly, nonetheless have an element to play in that providing, nevertheless it’s notable the location was barely talked about within the footnote of as we speak’s press launch.