The digital unit that oversees MySpace and Photobucket for News Corp. has laid off about 100 people, or 5 percent of its workforce, according to The Wall Street Journal.
Fox Interactive Media was formed in 2005 to oversee News Corp.'s digital holdings.
MySpace CEO Chris DeWolfe said last year that the social-network site has seen big gains in ad growth. But some of News Corp.'s other digital holdings don't appear to be faring as well. Staci Kramer at the blog PaidContent.org reported last week that FIM had plans to shut down its storage site, Flektor and … Read more