Misc

Chris DeWolfe to Step Down as CEO of MySpace

Legendary Chris DeWolfe will be leaving his position as CEO at MySpace by a mutual agreement. He announced that he would not be renewing his contract and will be stepping down in the near future. Mr. DeWolfe will continue to serve on the board of MySpace China and will be a strategic advisor to the company.The change comes at a time when MySpace revenue has been stagnant for a while and they have been loosing ground to Facebook. In addition to DeWolfe's departure, News Corporations own Chief Digital Officer Jonathan Miller will also be leaving the company. News Corporation is the parent company of MySpace.

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