Time to alert the parents:

Online networking site MySpace has crafted a tool that will help parents get a better sense of what their children are posting on their profile pages.MySpace Pumps Up Parental Controls (NewsFactor via Yahoo! News)

NEW YORK: Four families whose daughters were sexually assaulted by predators they met on popular Internet social network MySpace have sued owner News Corp this week for negligence and fraud, the attorneys representing the families said in a statement.More families sue MySpace over online sexual predators (Gulf Times)

A plan by the popular social networking site MySpace.com to let parents monitor the basic personal information their children give out was met with skepticism by officials considering legal action against the site.Plan to let parents track MySpace profiles met with skepticism (USA Today)

The online hangout MySpace.com has been quietly developing software designed to give parents the bare-bones of what their kids are doing on the site. The tool, which will alert parents of the user name, age and location a child lists on personal MySpace pages known as profiles, is designed to spark conversations about Internet safety.MySpace gives parents a bit of access (Houston Chronicle)

The tool, which will alert parents of the username, age and location a child lists on personal MySpace pages known as profiles, is designed to spark conversations about Internet safety.MySpace.com works on software to notify parents (ABC 13 Toledo)

Four families have sued News Corp. and its MySpace social-networking site after their underage daughters were sexually abused by adults they met on the siteMySpace sued over predators (WOOD TV 8 Grand Rapids)