MySpace, a place where people put their lives online and connect and communicate around common interests, had more than 11.5 billion page views last month alone and continues to grow by an average of 150,000 new members daily.

"Our users come to MySpace to manage their everyday lives, from staying in touch with friends, to discovering new trends and entertainment," said Chris DeWolfe, chief executive officer, MySpace.com. "Now advertisers and the business community are eager to see where we'll go and we have plenty of content announcements and expansion plans coming down the pipeline that are sure to exceed the expectations of both our users and partners."

Recently named by AdWeek as the "third hottest web destination online," MySpace had more than 24 million unique users for the month of October and targets a core demographic of 16-34 year olds, according to Nielsen//NetRatings.

"MySpace has evolved the way people are communicating online and 37 million people have already created their own communities," said Tom Anderson, president, MySpace.com. "The site's impact on users is undeniable, and it's been exciting to watch MySpace's cultural impact on our users' lives."

The site maintains its unique and authentic user experience by consistently delivering original entertainment content that members can both create and discover. More than 660,000 bands have created profiles, uploaded music, listed tour dates and connected with fans on MySpace. MySpace announced that it is streaming never-before-heard confessions from Madonna for her latest album, "Confessions on a Dancefloor," and the company also released its first album, "MySpace Records Compilation CD: Volume I."