If there is one company on the web I really don't like it is 'Ilike'. They keep on spamming their 'viral' emails.

It makes sense for myspace though, they're well over their top and have now refocused on music (since social networking has all but been cornered by facebook):

http://www.alexa.com/siteinfo/myspace.com

So, buying up music sites that have some traffic may plug the hole.