As if reams of TV channels cluttered with soap operas isn't enough, now MySpace wants to air a television series on the Internet – possibly hoping to compete with Facebook on the amount of work time employees spend online. 

The social networking site has signed distribution rights for Quarterlife, a network-quality series.
The deal is expected to be the first in a number the company is contemplating and could herald the beginning of a new social networking trend.
Quarterlife will hit the cyberworld on 11 November.
Appropriately, it is about six people in their 20s and showcases their lives in the digital age.
Viewers will be able to interact with the show by writing comments or even video submissions.