News Corp. (NWSA) agreed to sell Myspace to Specific Media Inc. for a fraction of what it paid six years ago, ending its efforts to turn around the money-losing social networking business.

News Corp. will receive $35 million, including a 5 percent stake in Specific Media, according to a person with knowledge of the situation who wasn’t authorized to speak publicly. Specific Media announced the sale in a statement today, without providing the terms.

The accord rids News Corp. Chairman and Chief Executive Officer Rupert Murdoch of a website that lost its lead in social networking to Facebook Inc. after being acquired in 2005 in a $580 million deal. The company had sought about $100 million for Myspace after Chief Operating Officer Chase Carey said in February he wanted a deal completed by the June 30 end of the parent company’s fiscal year.

More on the history of MySpace click here

Go Dumb Boyz Video I can’t sleep from album “The Detroit Way”

spotted: HuffingtonPost

Google recently released its list of the top 1,000 sites on the web.

The sites are ranked in terms of unique viewers, based on data gathered by DoubleClick Ad Planner. Google explains how this advertising service determines a website’s weight: “DoubleClick Ad Planner combines information from a variety of sources including anonymized, aggregated Google Toolbar data from users who have opted in to enhanced features, publisher opt-in anonymous Google Analytics data, opt-in external consumer panel data, and other third-party market research.”

The top 1,000 list is far from definitive, though. Google has left off specific kinds of websites, such as “adult sites, ad networks, domains that don’t have publicly visible content or don’t load properly, and certain Google sites.” So if you’re wondering why Google.com, for example, doesn’t appear anywhere on the list, that’s why.

Full List Click Here

Private-equity firms KKR & Co. and Silver Lake Partners, along with a third investor, are nearing a deal to buy GoDaddy Group Inc., the closely-held company that registers Internet domain names, for between $2 billion and $2.5 billion, according to sources.

An announcement of the sale could come as early as next week, although a deal hasn’t been signed yet and the people cautioned that an agreement may not be reached.

Private equity and venture capital firm Technology Crossover Ventures is also a minority investor in the proposed deal for Scottsdale, Ariz.-based GoDaddy, one of the people familiar with the matter said.

The Wall Street Journal reported in September that the company had hired boutique investment bank Qatalyst Partners to shop the company to potential buyers.

GoDaddy.com, the company’s flagship web property, is the world’s largest registrar of domain names. The site also sells e-commerce, security and other services to people and businesses looking to manage their online presence. Customers pay GoDaddy monthly fees, which brings the company steady cash flow — an attraction for buyout firms.

GoDaddy was founded in 1997 by Bob Parsons, who continues to be the company’s owner and chief executive. It is known for its edgy advertising, including Super Bowl commercials and ads featuring different “Go Daddy Girls” including racing car driver Danica Patrick. Mr. Parsons would continue to be CEO, one of the people familiar said.

The sale process for the company was temporarily scuttled late last year when some potential bidders, including private-equity firms TPG Capital and General Atlantic, were told the auction was off, people familiar with the matter said at the time.
Read more: WSJ

13.5 Million £’s is roughly 21.5 Million USD. And that is how much Picasso’s 1935 Jeune fille endormie masterpiece has just sold for at Christie’s Impressionist and Modern Art Auction House in London. Proceeds raised will go towards combating obesity, diabetes, and heart disease.

GWOPALYPSE NOW!

Go checkout our lifestyle site for art, leisure, technology and style: www.gwoplifestyle.blogspot.com

Creflo Dollar Proposes To Build Megachurch In NYC

This slideshow requires JavaScript.

Atlanta pastor Creflo Dollar is looking to build a megachurch in New York City.  Dolllar made a pitch to take over the Kingsbridge Armory in The Bronx and turn it into an arena and multipurpose facility — and he’d pay for the development with his own financing, according to sources.  Dollar’s offer was prompted by a yearlong study of the armory by Bronx Borough President Ruben Diaz Jr., who helped to scuttle the last proposal put together by the Bloomberg administration to turn it into a retail and entertainment center.

Reports by the New York Post state:

Dollar “wants to turn it into a multi-use facility,” one source said. “He’s got a huge following and needs an arena.”

But the source cautioned, “You’d be handing over a public property to a religious institution. That would require a lot of discussion.”

Another source said that Dollar — who travels the nation in a Gulfstream jet and packs Madison Square Garden for weekend-long revivals — has virtually no chance of taking over the city-owned facility, even though his ministries are taking in $65 million a year.

He already has an 8,500-seat auditorium in Atlanta, but a venture in The Bronx would create a base for a larger market in a building that could be used as a convention center. Officials have been trying since the 1990s to figure out what to do with Kingsbridge, a 5-acre site that is one of the largest armories in the nation.

Title                                          Weekend Gross

1. Green Lantern                $52.6 million
   
2. Super 8                               $21 million
   
3. Mr. Popper’s Penguin     $18.2 million
   
4. X-Men: First Class           $11.6 million
   
5. Hangover 2                        $9.5 million
   

Frank Ocean”Novacane” 
NABIL, director | Kathleen Heffernan, producer | Black Dog Films, production co | Josh Reis, DP | Isaac Hagy, editor |

spotted: HipHopDX

* Please note: figures below approximated to nearest thousandth.

Top 200 Album Sales (Top 10 Hip Hop/R&B)