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Jason Hirschhorn leaves the struggling social networking site after moving into the co-president's spot early in the year. TechCrunch, which first reported the departure, says that the other co-president, Mike Jones, will soon be named CEO. You might recall that the previous CEO, Owen Van Natta, was fired after being on the job for less than a year (detect a pattern?). MySpace has been rapidly losing users for some time, and those who follow this stuff say it's only a matter of time before parent company News Corp. decides to bail. Here's my October 2009 piece in Los Angeles magazine on the MySpace woes.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Bobcat crossing
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.