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Expected MySpace service to compete with iTunes

NEW YORK (Billboard) - Amid ongoing competitive pressure from Facebook, MySpace is taking its latest shot at entering the music business as other social networking peers, such as Last.fm and imeem, are making big audience gains with ad-supported music offerings.

Source: http://feeds.reuters.com/~r/Reuters/InternetNews/~3/244115524/idUSN0123996020080302

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