Myspace, Ceo | featured news

News Corp. isn’t ready to pull the plug on MySpace just yet, but it is prepared to cut the cord. CEO Mike Jones told employees yesterday that the media conglomerate is “exploring strategic options” for the past-its-prime social network. That could mean a sale, a merger (Yahoo could be a candidate) or a spinoff. The last scenario is the most likely, reports The Wall Street Journal.

MySpace parent company News Corp. continues to leak, off record, that Owen Van Natta is in the final stages of becoming the new CEO of MySpace (one of the more obvious candidates on our list yesterday).

Here's the email that Jonathan Miller, News Corp.'s CEO Digital Medial, sent to all Fox Interactive employees about the departure of MySpace cofounder and CEO Chris DeWolfe. DeWolfe is gone.

Former AOL CEO Jon Miller is close to taking a new role overseeing digital strategy at News Corp.