Carl Bialik from the WSJ writes "'When News Corp. bought the social-networking Web site MySpace.com last July, the media company got two surprises, one good and one bad,' the Wall Street Journal reports. The good news: Traffic nearly doubled in the last half of last year. The bad news: MySpace is being criticized for exposing children to risqué content and sexual predators. In response, 'News Corp. plans to appoint a "safety czar" to oversee the site, launch an education campaign that may include letters to schools and public-service announcements to encourage children not to reveal their contact information."
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