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A New New MySpace Is Coming

Following some serious staff shakeups and layoffs, comes word that MySpace is going to reposition itself yet again as an entertainment portal.

In a brief interview with the Wall Street Journal, News Corp. Chief Executive Rupert Murdoch said MySpace needs to be re-focused "as an entertainment portal." Mr. Murdoch described his vision for MySpace as a place where "people are looking for common interests." If plans continue to follow Murdoch's vision, music would become even more important to the social networking site.