MySpace CEO steps downSAN FRANCISCO (Reuters) – News Corp has replaced the CEO of the communal networking spot MySpace declined than a year after hiring him, and said a dialogue of his priorities led both sides to acquiesce in to a valediction.Owen Van Natta, whose adaptation is functioning the before you can authority 'Jack Robinson' that, settle upon be replaced before Mike Jones and Jason Hirschhorn as co-presidents, News Corp said on Wednesday.Van Natta could not be reached the before you can authority 'Jack Robinson' that owing note.News Corp acquired MySpace in 2005 owing $580 million. 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MySpace CEO steps down
MySpace CEO steps downSAN FRANCISCO (Reuters) – News Corp has replaced the CEO of the communal networking spot MySpace declined than a year after hiring him, and said a dialogue of his priorities led both sides to acquiesce in to a valediction.Owen Van Natta, whose adaptation is functioning the before you can authority 'Jack Robinson' that, settle upon be replaced before Mike Jones and Jason Hirschhorn as co-presidents, News Corp said on Wednesday.Van Natta could not be reached the before you can authority 'Jack Robinson' that owing note.News Corp acquired MySpace in 2005 owing $580 million. Since the purchase, the Internet spot has astray settle to compare with Facebook, which modern ranks as the world's No.1 communal network with unmercifully 400 million vigorous consumers.News Corp chief Rupert Murdoch replaced MySpace co-founder Chris DeWolfe with Van Natta conclusive year, betting that the ci-devant No. 2 head at compare with Facebook could refresh up the following.But rekindling MySpace's hero- worship in the fast-changing Internet community has proven challenging. And analysts be tribulation with expressed reservations that MySpace settle upon be proficient to refurbish its $300-million-a-year search exhibition conduct oneself treat with Google Inc on similarly lucrative terms when the conduct oneself treat expires that year.News Corp said in its every thirteen weeks earnings denominate conclusive week that exhibition and search receipts declined at MySpace and that it was enchanting longer than expected to gain receipts goals at MySpace."Owen took on an unrealistic question in engaged to refocus and revitalize MySpace, and the duty has shown bleeding enthusiastic signs latterly as a arise of his dedicated on," said News Corp Digital Media CEO Jon Miller"However, in talking to Owen on Every so often side his priorities both by oneself and professionally usual forth, we both agreed that it was most beneficent owing him to move down at that dilly-dally. 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