Former Facebook exec Van Natta to be MySpace CEO

Apr 24, 2009 By BARBARA ORTUTAY , AP Technology Writer

(AP) -- With MySpace falling behind Facebook as the world's largest online social network, MySpace tapped a former Facebook executive as its new CEO on Friday.

Owen Van Natta, 39, replaces Chris DeWolfe, a co-founder of , who stepped down as head as chief executive Wednesday. News Corp., which owns MySpace, said Van Natta's new role begins immediately.

At , Van Natta was chief operating officer and helped negotiate a $240 million investment from Corp. that valued the site at $15 billion - though it later emerged that Facebook placed its value well below that.

With Facebook founder Mark Zuckerberg ensconsed as the site's CEO, Van Natta left in February 2008 in hopes of landing the top job at another company. Later in the year he became CEO of Playlist.com, a Palo Alto, Calif.-based online music company.

On Friday, Playlist named John Sykes, a board member, as the company's CEO and said Van Natta will be adviser to the company. Sykes is a co-founder of MTV and has been president of VH1.

MySpace's other co-founder, Tom Anderson, had been president of the company and has been in talks about taking on a new role. News Corp. did not give an update on that Friday.

Facebook declined to comment on Van Natta's appointment.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: EU case against Google shows need for new publishing models in the information age

add to favorites email to friend print save as pdf

Related Stories

MySpace co-founder DeWolfe to step down (Update)

Apr 22, 2009

(AP) -- MySpace co-founder Chris DeWolfe will step down soon as the social networking site's chief executive, amid the site's stalled user growth and the rapid rise of rival Facebook.

Fox News taps MySpace for citizen journalists

Apr 20, 2009

MySpace on Monday invited its members to become volunteer "uReporters" by supplying news pictures or videos for use at the social networking website and Fox News network.

Evite rival Socializr launches events aggregator

Apr 15, 2009

(AP) -- Socializr, the online invitations startup from Friendster founder Jonathan Abrams, now helps users manage their events from sites like Facebook, MySpace, Evite and Meetup.

Recommended for you

User comments : 0