Controversy over Myspace music

Now that myspace has it's own record label, you would think that this would be beneficial for less well-known bands, such as indie bands, in the music industry. The problem, however, is that myspace is signing bands like Pennywise, who had hit songs in the 90s, and other slightly-known bands onto the label. When you click on myspace music, these bands are shown in the forefront. But what about the underdogs? Didn't myspace start out as a networking outlet for bands? I understand that myspace became a larger phenomenon that has continued to attract people of all ages, many of who do not play in bands, in search of friends and love matches. It makes you wonder how influential corporate buyouts are on different media outlets. Now that Rupert Murdoch owns myspace and myspace records, indie musicians and bands are yet again pushed to the side. Myspace should be promoting the diversity of music on its site and highlight different indie bands, rap artists, folk singers, jazz musicians, and other talented and less, well-known musicians to connect to a larger audience. I am interested to see what myspace records will do in the future...