Facebook and ailing MySpace, which is owned by News Corp (NWS), will hold a joint press...

|About: News Corporation (NWS)|By:, SA News Editor

Facebook and ailing MySpace, which is owned by News Corp (NWS), will hold a joint press conference today, leading to speculation that MySpace may migrate its social network over to Facebook. One invitee says MySpace 'has no future as a social network' and a merger of that sort 'isn't a terrible idea.'