News Corp Gives MySpace Just Months to Improve their stats

Danger and Danger continuously hanged on MySpace's neck. They are noticed by News Corp Just as the new MySpace logo dropped the word “space, MySpace execs saw their own space to improve the social network evaporate yesterday as News Corp executives put them on notice during an investors call." MySpace was given less than a year to turn the newly redesigned ship around as Chase Carey, News Corp's president, declared MySpace “a problem." “The current losses are not acceptable or sustainable. Our current management did not create these losses but they know we have to address them," he stated. Quarterly losses at MySpace have jumped by $30 million to $156 million.
There would go so much criticism around this social networking site MySpace. However, News Corp gives them just months to improve their stats.