Bloomberg News

MySpace Starts in Mexico, to Expand in More Nations (Update1)

July 24, 2007

News Corp. (NWSA:US)'s MySpace, a social networking Web site, started a Mexican version as part of international growth plans that include expanding in 10 other countries in the next year.

MySpace Mexico began a test phase in January and page views since then have jumped 67 percent while signups climbed 39 percent, the company said today in a statement. The community in Mexico has more than 1.5 million users, adding to MySpace's 115 million-person network in 18 countries including Germany and France, it said.

Victor Kong, a former MTV Networks Latin America executive, will oversee growth of the online community in Mexico as managing director. Jose Casanova, a former EMI Music Mexico label manager, will lead marketing and content programs.

Class A shares of News Corp., the New York media company run by Rupert Murdoch, fell 32 cents to $22.40 at 4:01 p.m. in New York Stock Exchange composite trading (2FA:US). They have gained 4.3 percent this year.

To contact the reporter on this story: Gillian Wee in New York at gwee3@bloomberg.net.

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net.


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • NWSA
    (News Corp)
    • $18.09 USD
    • 0.10
    • 0.55%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus