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4 commentsThursday, April 23, 2009

MySpace CEO Shown The Door

Exit now confirmed

Big changes may be afoot at MySpace.  Although the info's far from being confirmed, a new report claims that CEO Chris DeWolfe - in addition to at least a couple other execs - is leaving the company on what could politely be called an involuntary basis. 

Chris DeWolfe

Michael Arrington wrote last night, "[A] decision has already been made to terminate Chris DeWolfe's employment with MySpace.  We've also been told that the core MySpace executive team will follow. . . .  [O]ur guess is that it's the very senior team that will be terminated: cofounders Chris DeWolfe (CEO), Tom Anderson (President) and Aber Whitcomb (CTO)."

If true, this would seem to signal that News Corp has lost all patience with the current MySpace-Facebook situation and is ready to take things in some radical new directions.  It's not every day that from-the-beginning leaders of established organizations get sacked, after all.  And the change wouldn't just be some boardroom matter, since Tom Anderson is a component of about every MySpace user's profile.

Still, there's no guarantee that an executive overhaul will take place.  As Kara Swisher recently pointed out, Michael Arrington and TechCrunch have gotten a rumor or two wrong before (think Google-Twitter and Google-Digg acquisition talks, for starters).

We've sent a request for comment to MySpace and will update this article if a reply's received.

UPDATE: MySpace passed along a press release that states, "MySpace CEO Chris DeWolfe and News Corporation's Chief Digital Officer Jonathan Miller, announced today that, by mutual agreement, Mr. DeWolfe will not be renewing his contract and will be stepping down in the near future. Mr. DeWolfe will continue to serve on the board of MySpace China and will be a strategic advisor to the Company.
 
"Additionally, Mr. Miller announced that he was in discussions with Tom Anderson, MySpace's president, about Mr. Anderson assuming a new role in the organization."

About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

Wow!

Why do you think they would let them all go?

Myspace has been huge for years and still is. Are they getting over taken by Facebook?

I've noticed that Myspace has really been a hot bed for very young teens as of late. They need to curb what's going on with fake profiles as well ( Teens who are 13 saying they are 25) , maybe the new staff will do a better job of that.

I do like the free classifieds, I hope the new execs don't change that at all!

If Such changes will help

If Such changes will help Myspace in rebranding itself
and winning People's trust then its ok because so many
people are not happy how its going now,

But I will suggest they talk on doing new changes on
Their Offers instead on their executives.

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