• TechCrunch, Wednesday, April 22, 2009 11:15 AM

Michael Arrington says that News Corp. is looking to replace MySpace CEO and co-founder Chris DeWolfe, whose contract with the company expires in the fall. Jonathan Miller, News Corp.'s new CEO of Digital Media, is understood to be leading the charge.

"We've confirmed that things are actually moving much faster than we first understood, and that a decision has already been made to terminate Chris DeWolfe's employment with MySpace," Arrington says. "We've also been told that the core MySpace executive team will follow." This includes President Tom Anderson and Chief Technology Officer Aber Whitcomb. "Removing any more of the team would be much more than a morale blow to the company -- it would also bring operations to a screaming halt," Arrington says.

Sources claim that a new CEO has already been recruited and is in the final stages of contract negotiations. An announcement is expected as soon as this week or next.

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