MySpace Founders Leaving in News Corp Shakeup

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.
(More News Corp stories.)