MySpace has partnered with Citysearch to launch MySpace Local, a small business directory that allows the social network's community to review, rate and share content from local businesses nationwide. Coors and Outback Steakhouse will serve as the initial brand sponsors for the launch, which was announced last week in a webcast by Chris DeWolfe, co-founder and CEO of MySpace, Jeff Berman, president of sales and marketing at MySpace, and Jay Herratti, CEO of Citysearch.