MySpace co-prez exits

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.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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