News Corp might chop MySpace if it doesn't turn around within the next several months, the company's Chief Operating Officer Chase Carey said during a quarterly fiscal results call today. After a $70 million drop in revenue and plummeting traffic, the executive said the results were "not acceptable or sustainable" and implied the site would shut down if it wasn't fixed. A timetable wasn't given, but MySpace's timeframe would be measured "in quarters, not in years," Carey said.
