News Corp.'s MySpace is set to release a major redesign next week, company representatives said late Thursday evening. The site doesn't look that different; it's still clearly MySpace. But a number of features have been revamped to improve user experience: namely, the homepage, navigation tools, profile editor, search features, and the MySpaceTV player.

A formal release is set to go out on Monday, and the first new features will show up on the site on Wednesday.