Yesterday the social media megasite MySpace announced that it was laying off almost 30 percent of its staff, about 400 employees — a move their CEO called “necessary for the long-term health and culture of MySpace.” Per the L.A. Times, MySpace’s user numbers are down from last year, and ad revenue is projected to fall 15 percent in 2009.
As reported on Comics Alliance yesterday and confirmed by our sources, MySpace Comic Books is shutting down. An attempt to e-mail the current contact for MySpace Comic Books resulted in a response that he was no longer with the company.
No doubt with the 30 percent cut in employees, you can expect other initiatives on MySpace to be cut or at least scaled down as well.
The MySpace Comic Books community launched in 2007 and has played host to numerous comic previews, full issues of comics like Hexed, interviews, a news feed from Comic Book Resources and MyCup O’ Joe, which ended its run on May 1. MySpace is owned by News Corporation, which also owns 20th Century Fox, FOX Broadcasting Company, The New York Post, HarperCollins and IGN Entertainment, among many, many other media outlets.