MySpace Delays Relaunch Party
Revamped site to be unveiled next month
By Rob Quinn,  Newser Staff
Posted Sep 20, 2011 5:00 AM CDT
Justin Timberlake, part owner of MySpace, will unveil the revamped site next month.   (AP Photo/Dan Steinberg)

(Newser) – MySpace's new owners scrapped plans for a summer relaunch party because the revamp of the social-networking site is going more slowly than expected, insiders tells the Wall Street Journal. Justin Timberlake and Specific Media, who bought the site for $35 million in June, now plan to unveil the new, music-focused MySpace next month with a concert during New York City's "Advertising Week," the sources say. Only 33 million people visited the former social networking giant in August, down 44% from a year earlier.

 

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