They also recently gave up on building their own search engine, ask.com, (IAC) and said search was now a "commodity" to be bought from providers like Google, Bing, ...
MySpace has been a money pit for years. Fox Ad Network was also sold off last month. There wasn't much of interest there. The crown jewel of Murdoch's FIM operation is Fox Sports.
Why would you want any Murdoch venture to succeed? It's going to be the same steaming heap of sensationalistic distraction and right-wing distortion as all his other outlets. So yeah, I hope it fails. We have too much of that garbage already, it's tearing our society apart, and the last thing we need is more of it.
Hey, any pics of locals in HP costumes?