John Aristotle Phillips, CEO of Aristotle International Inc., on Monday called for News Corp. (NWS) Chairman Rupert Murdoch to sell the company's MySpace subsidiary.
Phillips also asked NewsCorp to disclose precisely how records of tens of thousands of sex offenders on the social network were handled, as well as liability estimates the company could face as a result of such offenders' conduct on MySpace.
Phillips maintained that News Corp. should sell MySpace, as past practices suggest the company is not fit to properly manage sensitive data.
NewsCorp, through its affiliate, EPartners, owns 13% of Aristotle International. Lawrence Jacobs, Senior Executive Vice President and Group General Counsel of News Corp. was appointed as EPartners' representative on Aristotle's Board of Directors last year.
Phillips also is a shareholder of News Corp.
Phillips anticipates that News Corp. will eventually sell MySpace if a buyer can be found willing to assume whatever risks or liabilities might flow from the activities of sex offenders using the site.
For comments and feedback: editorial@rttnews.com