I didn’t see this coming. Maybe he got an appetite for social networking from his role in The Social Network.
He also becomes active in the management as creative director.
News Corp sold MySpace for 1/20 of what they bought it for.
It’s correct that MySpace is still an important place for musicians, even though I see artists moving to Facebook pretty quickly. A wild guess is that MySpace will be re-shaped into a network for specifically artists, and maybe not just musicians.