Justin Timberlake is now a partial owner of Myspace, and the company's new owners are very proud of him. "We're thrilled about the opportunity to rebuild and reinvigorate Myspace," said Tim Vanderhook, CEO of Specific Media, who bought the struggling site from News Corp. for $35 million on Wednesday. "We look forward to partnering with someone as talented as Justin Timberlake, who will lead the business strategy with his creative ideas and vision for transforming Myspace. This is the next chapter of digital media, and we are excited to have a hand in writing the script."

For Aaron Sorkin/The Social Network fans, the "script" jokes are easy: "A million dollars isn't cool. You know what's cool? $35 million and a shrinking user base." Or how about: "Drop the 'My.' Just 'Space.' It's cleaner."

Read the full story at The Atlantic Wire.