Weeks after announcing massive layoffs and international restructuring, MySpace is teaming up with a subset of its parent company Fox International Channels (FIC) in order to combine and streamline advertising deals. Under the terms of the partnership FIC will manage local advertising, marketing and promotion in several countries including Brazil, Argentina, Spain, Italy, Poland, Mexico and Turkey.
These are all countries in which MySpace has a localized version of its social networking site. These are also countries that are remaining active and nurtured after the major restructuring of MySpace as a company. Under the restructure, MySpace seemingly cut back on a good portion of its international efforts, closing several offices and combining the work towards an effort to create a more centralized account of localized sites and advertising methods. This was named as an initiative for focusing on innovation, which is an area in which MySpace has been lacking in relation to competitors such as Facebook.
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