News Corp. to take financial hit on MySpace; FCC looks at USF changes

@FierceCable RT @gigaom - Livestream: Debating the National Broadband Plan. Story | Follow @FierceCable

> Anyone trying to sell a house in these economic times has to have some pity for News Corp. (Nasdaq: NWSA) which will reportedly unload MySpace for between $50 million and $200 million. It paid $580 million in 2005. Story.

> Netflix (Nasdaq: NFLX), improved advertising and even better attendance at theme parks is leading to optimism about Walt Disney Co.'s (NYSE: DIS) upcoming first quarter results. Story.

> The FCC is (again) looking at ways to improve the Universal Service Fund (USF) to help broadband grow in rural areas. Story.

> Over-the-top portal SeeSaw has started to make content available through Boxee. Story.

And finally ... cord cutting, or at least the buzz about it, is going mainstream. Story.

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