MySpace, FIM continue to downsize

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Layoffs continue at News Corp.’s digital division, the Wall Street Journal reported today.

First, MySpace plans to lay off 300 employees in its international division, reducing that group’s size by two-thirds down to 150 workers. That follows last week’s announcement that MySpace would cut 30% of its U.S. workforce, down to 1,000 employees.

Changes are also happening at the top at Fox Interactive Media, the division of News Corp. that houses MySpace. Mike Angus, the division’s EVP and general counsel, will move to another position at News Corp., reported Kara Swisher at AllThingsD’s Boomtown, an online affiliate of the Wall Street Journal.

That follows a report last week from Boomtown that FIM’s CFO Ed McKenna was leaving the company. Swishers goes on to report that FIM will likely change its name and become a much more streamlined organization, mostly providing administrative services such as human resources to individual digital companies that will each exist independently.

Paige Albiniak
Paige Albiniak

Contributing editor Paige Albiniak has been covering the business of television for more than 25 years. She is a longtime contributor to Next TV, Broadcasting + Cable and Multichannel News. She concurrently serves as editorial director for The Global Entertainment Marketing Academy of Arts & Sciences (G.E.M.A.). She has written for such publications as TVNewsCheck, The New York Post, Variety, CBS Watch and more. Albiniak was B+C’s Los Angeles bureau chief from September 2002 to 2004, and an associate editor covering Congress and lobbying for the magazine in Washington, D.C., from January 1997 - September 2002.