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Owen Van Natta, the former Facebook executive who was picked to revive MySpace last April, is stepping down, News Corp just announced. He’ll be replaced by two of his hires, Mike Jones and Jason Hirschhorn, who now each share the title of co-president. Read more »

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MySpace CEO Owen Van Natta has confirmed that the social network will acquire popular music discovery application iLike, marking the beleaguered company’s first big move towards reverting back to its roots as a niche site for music and entertainment. On his first conference call as CEO […] Read more »

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The folks over at MySpace sure have a lot on their plate, and the pressure is mounting. It’s no secret that the News Corp.-owned social network is playing catch-up with Facebook‘s rising traffic, and the expiration date on its advertising deal with Google is looming. Now, […] Read more »

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MySpace said today it’s cutting two-thirds of its non-U.S. workforce, bringing the total number of international employees to 150. The move comes a week after the social networking site said it would slash 30 percent of its U.S. workforce. MySpace said today that it will ”restructure its […] Read more »

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MySpace is cutting nearly 30 percent of its U.S. workforce, or roughly 420 people, the social networking site said today, bringing its total number of U.S. employees to around 1,000. The announcement comes just two months after MySpace CEO Chris DeWolfe and President Tom Anderson left […] Read more »

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When the New York Yankees spent more than $400 million signing up free agent pitchers C.C. Sabathia and A.J. Burnett, along with first baseman Mark Texiara, the team was betting that it would not only make it to the World Series, but win. After this weekend’s […] Read more »

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North Korea to Indict Current TV Journalists; state news agency says after an investigation of the two American reporters, N. Korean officials will indict them on “hostile acts,” if convicted, the two women could face five years in prison. (CBS News) Analyst: TV Upfront Sales Could […] Read more »

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With a recession raging and the advertising market in a slump, the social networks have to figure out business models — fast. For MySpace it could mean capturing the music niche. Others will find their niches. Facebook will leverage its Facebook Connect. Regardless, one thing is for sure, the era of general purpose, broad social networking is coming to a close. Read more »

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Lately we’ve been discussing the many reasons why taking smaller, angel-sized investments instead of larger venture capital stakes often makes more sense for startups in a wobbly, exit-bereft market like the current one. Today, Ron Conway, the well-known founder of the Silicon Valley-based Angel Investors LP […] Read more »

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