Ever since NewsCorp put out that self-aggrandizing study on how MySpace is the best place ever to buy advertising, I've been thinking about what it means. The study was designed to double monthly advertising revenue from $30m to $60 and so much of the methodology is about brand identification and how well MySpacers react to banner ads versus flash ads etc. However, buried in the company's Press Release and tucked away in the study itself are a few gems that I think further one of my theories about how Millennials need and use Social Networks.

Take this quote for example from the PR:

”MySpace has thrived as a global community driven by self expression, discovery and connection of now more than 100 million people around the world who use it each month,” said Chris DeWolfe, CEO of MySpace. “Users are empowered to create and share, build and maintain relationships and in the process have created an entirely new medium that is deeply integrated into their everyday lives. Smart marketers know how to... meow meow meow [buy ads].

But did you catch that? I gotta say, that's pretty true, Chris DeWolfe. Users are empowered to create and share, build and maintain relationships and in the process have created an entirely new medium that is deeply integrated into their everyday lives.

But why...