TOP NEWS - Aug 31 - It is for the second time that MySpace’s contract with Google has been extended. The agreement, under which Google had agreed to pay $900M for placing ads on MySpace over a three-year period, was initially supposed to end in June; but was already extended till the end of August. MySpace was in talks with Microsoft, Yahoo, and Google for replacing the contract. The replacement of the contract is one of the key moves that MySpace President Mike Jones has been trying to work out; especially after new features have been introduced to revive the website, which was surpassed by Facebook, in terms of worldwide users, in April 2008.
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Mark Brooks: Mike Jones was founder and CEO of Userplane which provided instant messaging services to a plethora of internet dating companies along with MySpace. He's VERY well respected and liked among the idating industry executive. We're rooting for him.