myspace facebook 385 Joint Announcement Expected Today

The social media world is abuzz about a joint announcement later today by rivals Facebook and MySpace.

MySpace CEO Mike Jones and Facebook VP of Partnerships and Platform Marketing Dan Rose are scheduled to participate in what is rumored to be some kind of partnership, but not an actual merger. Just last week, News Corp. deputy chairman Chase Carey said he was happy with the recent redesign of MySpace but said the newly acquired social networking site, quote, “needs to show real progress in the coming quarters, not years.” Observers said that could be a sign News Corp. would look for a buyer if MySpace shows no real progress. Today’s joint announcement by Facebook and MySpace is scheduled for 3 p.m., Eastern time.


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