Devin Leonard at CNN writes that Rupert Murdoch-owned MySpace is going to launch an ad-supported "free" music service in direct competition with Imeem, a Bay Area service that is much smaller than MySpace. Both sites are trying to "Make Free Music Pay Off" as the headline points out.
The four largest record labels (Sony, Warner, Universal) continue to try to figure out how to monetize their catalogues. Offering music for free is most like Napster et alia.
http://money.cnn.com/2008/08/07/technology/imeem.fortune/?postversion=2008080808
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