NEW YORK - News Corp' s ownership of MySpace will soon be over in a matter of months. This after the company ensure the social networking site will dilego in early March . Sources at News Corp. said that investment bank Allen & Co . will help the sale of MySpace . Reportedly about 20 companies have so far shown interest to buy a site that was continually losing money . Quoted by the Hollywood Report , Saturday ( 26 / 2 / 2011 ) , News Corp . had already anticipated the possibility of going to get hundreds of questions from the news about the fate of MySpace hunters. The founder of the MySpace network MocoSpace in a public statement said that those interested buyers came from a venture capital and private finance. According to comScore data, only 17 million people in the U . S . who visit MySpace Music in January, which is down approximately 46 percent from a year earlier. Pandora is now bigger than MySpace , with 20 , 3 million visitors in the U . S . in January . Previously , the bad news also hit the company , whose President of MySpace Music ( MySpace music division ) , Courtney Holt , officially resigned. Courtney Holt joined MySpace since two years ago from MTV .