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After losing the bidding war for Myspace, Viacom chairman Sumner Redstone stunned the entertainment industry in September 2006 when he fired Tom Freston from the position of CEO.Redstone believed that the failure to acquire My Space contributed to the 20% drop in Viacom's stock price in 2006 up to the date of Freston's ouster.By 2004, it was transitioned from a file storage service to a social networking site.
A complete infrastructure of finance, human resources, technical expertise, bandwidth, and server capacity was available for the site.
Myspace is a social networking website offering an interactive, user-submitted network of friends, personal profiles, blogs, groups, photos, music, and videos. In August 2003, several e Universe employees with Friendster accounts saw potential in its social networking features.
The group decided to mimic the more popular features of the website.
The addition of the show's Emmy Award-winning SNL Digital Shorts continues to keep the show as current today as it was when it debuted."Saturday Night Live," which premiered October 11, 1975, is broadcast live from NBC's famed Studio 8H in New York City's Rockefeller Center. CREDITSStarring the SNL 2017–2018 Company Beck Bennett, Aidy Bryant, Michael Che, Pete Davidson, Mikey Day, Heidi Gardner, Leslie Jones, Colin Jost, Kate Mc Kinnon, Alex Moffat, Kyle Mooney, Luke Null, Chris Redd, Cecily Strong, Kenan Thompson, Melissa Villaseñor Executive Producer Lorne Michaels Produced By Steve Higgins and Erik Kenward Director Don Roy King Supervising Producer Ken Aymong Head Writers Bryan Tucker and Kent Sublette Writing Supervisor Streeter Seidell Writers James Anderson, Kristen Bartlett, Megan Callahan, Steven Castillo, Michael Che, Andrew Dismukes, Anna Drezen, Claire Friedman, Fran Gillespie, Sudi Green, Steve Higgins, Sam Jay, Colin Jost, Erik Kenward, Nick Kocher, Michael Koman, Erik Marino, Dave Mc Cary, Brian Mc Elhaney, Dennis Mc Nicholas, Lorne Michaels, Nimesh Patel, Josh Patten, Katie Rich, Gary Richardson, Will Stephen, Julio Torres Film Producer Justus Mc Larty Musical Directors Lenny Pickett, Leon Pendarvis, Eli Brueggmann Musicians The Saturday Night Live Band Production Designers Eugene Lee, Akira Yoshimura, Keith Ian Raywood, N.
The program is a production of Broadway Video in association with SNL Studios. Some employees of Myspace, including De Wolfe and Berman, were able to purchase equity in the property before My Space and its parent company e Universe (now renamed Intermix Media) was bought.In July 2005, in one of the company's first major Internet purchases, Rupert Murdoch's News Corporation (the parent company of Fox Broadcasting and other media enterprises) purchased Myspace for US0 million.Myspace could not experiment with its own site without forfeiting revenue, while rival Facebook was rolling out a new clean site design.