MySpace CEO is out after less than a year

From CNET News.com: MySpace Chief Executive Owen Van Natta is stepping down less than one year after assuming the job, parent company News Corp. announced late on Wednesday.

Van Natta's resignation is effective immediately. He will be replaced by Mike Jones, chief operating officer, and Jason Hirschhorn, chief product officer, who are being promoted to serve as co-presidents, News Corp. said in a statement.

The new co-presidents will each report to Jon Miller, chairman and chief executive of digital media for News Corp. Asked whether the company would be looking to hire a new CEO for MySpace, spokeswoman Dani Dudeck said the company was not commenting beyond the statement.

Van Natta joined MySpace in April 2009 when MySpace CEO and co-founder Chris DeWolfe stepped down amid a continuing management shakeup.

"Owen took on an incredible challenge in working to refocus and revitalize MySpace, and the business has shown very positive signs recently as a result of his dedicated work," Miller said in the statement. "However, in talking to Owen about his priorities both personally and professionally going forward, we both agreed that it was best for him to step down at this time. I want to thank Owen for all of his efforts."

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