It looks as if the torturous MySpace saga is headed for an end: News Corp. finally seems ready to sell the suffering company off to whoever might be interested.

After massive layoffs, enormous ex-employee vitriol and weeks of speculation, COO Chase Carey finally admitted that a sale was in the works.

"With a new structure in place, now is the right time to consider strategic options for this business," Carey told analysts on a conference call. "The new MySpace has been very well received by the market and we have some very encouraging metrics. But the plan to allow MySpace to reach it's full potential may be best achieved under a new owner."