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As Facebook becomes the most popular social network worldwide, MySpace, once deemed as its main competitor, must now undergo a rigorous effort to reinvent itself and hit a more focused audience. That seemed to be the thought of News Corp chief executive Rupert Murdoch, who, during a meeting of technology and media executives this week in Sun Valley, Idaho, said he thinks MySpace needs to be refocused “as an entertainment portal.” It’s hard to imagine the media mogul is satisfied with his purchase of the...
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