Myspace still exists? Yes, and now Time Inc. owns it

The publisher of People, Sports Illustrated and Time magazines was spun off from entertainment company Time Warner in 2014.

Myspace's parent company is Viant, which says it provides marketers with access to over 1.2 billion registered users.

Chris Vanderhook says Viant has used Myspace's data files to attract marketers who want demographic information like age, gender and geographic location on online users, and that targeting ability is what attracted Time Inc.