Researchers at The National Center on Addiction and Substance Abuse at Columbia University just released a study that's sure to ruffle a few feathers, and may freak out parents of Facebooking teens. What the study found is that teens who regularly hop onto Facebook, MySpace, or other social networking sites are much more likely to do things they shouldn't be doing, like drinking alcohol and smoking pot.

It's official, News Corp. sold MySpace to advertising network Specific Media for around $35 million, and Rupert Murdoch can finally move on. That's far below the $100 million asking price, and even though News Corp. retains a less than five percent stake, if you crunch the numbers, like Arstechnica did, you come to the conclusion that Murdoch and Co. lost over $1 billion on this deal. How can that be when News Corp. bought the social networking site for $580 million?

Remember MySpace? It was the digital playground everyone was playing on until all the cool kids headed to Facebook, sparking a mass exodus and leaving MySpace as the social networking site that once was. MySpace still exists, only it's a shadow of what it once was, and News Corp. would like nothing more than to sell it off. As it turns out, News Corp. may have found a most unlikely buyer.

It's no secret that News Corp. wants to wipe its hands of MySpace, the once popular digital playground that's seen all the cool kids pick up their gear and head over to that other social networking website, the one with over 500 million members. The question is, how much can News Corp. get for MySpace? That will depend on whether or not there are any buyers to begin with, which News Corp. will reportedly find out later this week as it puts MySpace up on the auction block.