There years ago, Google and MySpace signed a search deal. Google agreed to provide web, vertical and internal search and contextual ad sales for MySpace and other Fox Interactive Media properties and pay them $900M (guaranteed as long as Fox met its traffic requirements) in shared advertising revenue over the lifetime of the deal. But it looks like this year, the last of the deal, Google has fallen short.
But, says MySpace execs and owner Rupert Murdoch, that’s because Fox has failed to meet its traffic requirements. Meaning traffic is down on MySpace, just a few short years after they fell into the “Trough of Disillusionment” in the hype cycle (translation: the MSM turned on them).