Although News Corp. CEO. Rupert Murdoch admitted that the purchase of MySpace was a big mistake , but the evidence is new owner of the social networking site MySpace is ready to bring social networking to the next level, and will be planned its inaugural launch later this year. According to Chris and Tim Vanderhook, as the new owner of the Specific media MySpace, MySpace will be a new focus to the core strength of the music and promotional services as they wish to benefit from 42 million songs are currently in service. They have also worked with singer and actor Justin Timberlake to help focus the site as a platform where musicians can promote and build their image in a location that is not limited. Although it is unclear whether the new MySpace can help bring back the glory that once achieved, but the encouragement and efforts of the brothers Vanderhook seems right on target. In February the site was reported to get 40 000 new users each day, up from zero only. They (Varderhook) said that the site's unique visitors reached 30 million per month and rising. origin source theverge