Mike Arrington at TechCrunch got a look at the pitch book News Corp. is sending around to sell Myspace.
Here’s the big numbers from the book:
- Myspace is going to lose $165 million in the fiscal 2011 year. (That’s the 12 month period ending June 30, 2011.)
- For that period, revenue is expected to be just $109 million. Expenses are $274 million.
- Myspace says it will have $15 million in earnings before interest, tax, depreciation, and amortization (EBITDA) in 2012. How does it get there? Revenue drops to $84 million and expenses drop to $69 million. (This suggests big layoffs are coming.)
- From there, Myspace predicts sales $101 million in 2013 revenue, $119 million in 2014 revenue, and $139 million in 2015 revenue.