The station will not be in operation during the search for a replacement sponsor, but MySpace denied it was 'dead'.
It added that the replacement sponsor's name would be included in the station's moniker across on-air and off-air branding.
Partnerships with sponsors have become a key strategy for MySpace as it grapples with generating ad revenue from an online audience of 7.4m.
It is also seeking sponsors for its MySpace Music site, its original-content productions, and on-site presence at its summer festivals, LIVE! In the UK.
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