Finance Geek

MySpace came out with a business-reviews site called MySpace Local. It’s based on listings from IAC’s pre-Web 2.0 business-reviews site CitySearch.  MySpace and CitySearch will split ad revenues.

A source familiar with the deal tells us IAC agreed to a $6 million ad revenue guarantee for the privilege. Anything to stay relevant, we suppose.

See TechCrunch’s post for product details.

Join the conversation about this story »

See Also:

• MySpace Hires New Exec To Head ‘Open Platform’ (NWS)
• "Sizable" Layoffs Coming To MySpace, Fox (NWS)
• IAC Display Ads May Be Down 50% This Month

More…

This entry was posted on Tuesday, March 31st, 2009 at 3:39 pm and is filed under Silicon Alley Insider. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.