News Corp. (NSDQ: NWS) COO Chase Carey already expressed frustration over the performance MySpace on the conglomerate’s last earnings call earlier this month. Now there’s new evidence that even his limited patience may have worn just a wee bit thinner.
At Reuters (NYSE: TRI) Global Media Summit on Monday, Carey confirmed what plenty of industry watchers had already concluded even though News Corp. never explicitly said it: He’s open to selling, or even partnering with another company, on the struggling social net…er, “social entertainment destination.”
By the same token, Carey also praised the efforts to reposition MySpace. “We have really overhauled the product and made it a very different experience and I think they did a very good job,” said Carey.
Earlier this month, Carey spoke quite bluntly about the challenge of turning around MySpace. And while he stopped short of putting the property on the block, he signaled that he put a time frame on getting results out of the relaunch. “This is something we judge in quarters, not years.”
But as Reuters reported of Carey’s latest comments, “He refused to specify how long News Corp was willing to give MySpace to regain some of its former luster.”
So if there are any potential buyers out there, there’s no reason to wait until next year to sneak an offer letter under Carey’s Christmas tree.