Pin Itemailprint MySpace will be laying off 300 people internationally and shutting down at least 4 offices outside the United States. Owen Van Natta has admitted to trying to grow their European presence too quickly. The employees affected are mainly in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain. MySpace’ Japanese and [...]
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News Corp / Fox Interactive Media, parent company of MySpace, has reported earnings for the 1st quarter earnings of this year. In what has got to be bad news for the social site, they reported 16 percent drop in advertising revenue. “Our third quarter results directly reflect the continuing weakness of the global economic climate. [...]
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Speculation has been flying around for days that former Facebook exec Owen Van Natta was going to take over as CEO of MySpace. Now it’s been made official: News Corp. appointed Van Natta as its CEO. He replaces Chris DeWolfe, whose resigned on Wednesday. Owen Van Natta spent just under 12 months as CEO at [...]
Continue reading " Owen Van Natta Takes Over as CEO of MySpace: Official Press Release "
Chris DeWolfe, co-founder of MySpace, is about to step down and leave the company. He will, however, stay with the company as a strategic advisor. Tom Anderson will remain on board in a new role. It looks like the new CEO will be Owen Van Natta, a former Facebook executive. It does seem as though [...]
Continue reading " MySpace CEO Chris DeWolfe Steps Down: The Press Release and Email "
