MySpace CEO and cofounder Chris DeWolfe is on the way out. TechCrunch's Michael Arrington reports News Corp's new CEO of Digital Media Jonathan Miller will send DeWolfe packing along with a core group of executives:
"MySpace has a dozen or so 'execs,' but our guess is that it's the very senior team that will be terminated: cofounders Chris DeWolfe (CEO), Tom Anderson (President) and Aber Whitcomb (CTO). Removing any more of the team would be much more than a morale blow to the company--it would also bring operations to a screaming halt."
With Facebook surging, cofounders Chris DeWolfe and Tom Anderson have gone back to their roots -- music, pop culture, and a proven cash-flow ad model -- to spur a next phase of growth. Will that be enough for boss Rupert Murdoch?