MySpace users will soon be able to call and/or instant message anyone else on the network with the click of a button, thanks to Skype. The service will be called "MySpace IM" and will be rolled out in November, although there’s a Beta version available now. It looks similar to AOL’s popular Instant Messenger program.

This news comes not a moment too soon the for two struggling companies. MySpace currently only has 110 million subscribers, while Skype is only doing marginally better at 220 million users. This partnership could be just the thing to save both of them from an almost certain extinction.

The entire last paragraph was sarcasm.

MySpace, Skype Announce Partnership [Associated Press]

MySpaceIM [MySpace.com]