MySpace Founders Leaving in News Corp Shakeup

CEO leaving, will be replaced by former Facebook exec

By John Johnson,  Newser Staff

Posted Apr 22, 2009 7:36 PM CDT

(Newser) – Big changes afoot at MySpace: Co-founder Chris DeWolfe is stepping down as CEO and fellow co-founder Tom Anderson is in talks with owner News Corp to end his run as president. MySpace has lost much of its mojo in recent years to Facebook, and it looks like  DeWolfe will be replaced by Owen Van Natta—Facebook's former chief operating officer, writes Peter Kafka at All Things Digital.

DeWolfe will be a "strategic adviser" to MySpace, and Anderson may stay on in a different role with the site. DeWolfe had once been a darling of News Corp's Rupert Murdoch, writes Kafka, but the site's stagnating numbers changed that. Murdoch's new digital chief, Jonathan Miller, praised DeWolfe and Anderson as "true pioneers" and said a new management team would be announced soon.

Tom Anderson, left, and Chris DeWolfe, founders of MySpace, appear on the NBC Today program in 2007.
Tom Anderson, left, and Chris DeWolfe, founders of MySpace, appear on the NBC "Today" program in 2007.   (AP Photo/Richard Drew)
MySpace founder Chris DeWolfe arrives at the Charlotte Ronson and JCPenney party in Los Angeles on Friday, April 3, 2009.
MySpace founder Chris DeWolfe arrives at the Charlotte Ronson and JCPenney party in Los Angeles on Friday, April 3, 2009.   (AP Photo/Matt Sayles)
MySpace co-founders Tom Anderson, left, and Chris DeWolfe.
MySpace co-founders Tom Anderson, left, and Chris DeWolfe.   (Photo: Business Wire)
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