MySpace is contemplating diversifying its brand into a print magazine, according to reports.

The phenomenally popular social network website is in talks with music and fashion magazine Nylon magazine about the move, according to Advertising Age.

Nylon and MySpace collaborated earlier this year on the interactive online version of the magazine's annual music issue.

According to Advertising Age, MySpace is looking at potential business models but is concerned not to do anything to damage the popular brand.

Rupert Murdoch's News Corp acquired MySpace last year in a deal worth £332 million.

However, MySpace has yet to confirm plans of any potential deal to print a magazine.

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