03/24/2011 08:41 am ET | Updated May 25, 2011

MySpace Decline Is Accelerating

Everyone knows MySpace traffic is going the wrong way, but the accelerating decline (and big financial losses) is a serious problem. Parent company News Corp. is in the middle of a sale process, and everyone from venture firms to private equity firms to operating companies are taking a look. "It's like slowing down at the scene of an accident," says one person with knowledge of the discussions, "everyone wants to take a look at how bad things have become."