MySpace Founders Re-Up At News Corp.

MySpace Founders Re-Up At News Corp.

Remember how MySpace founders Tom Anderson and Chris DeWolfe had to sign a new contract with News Corp. sometime this month or pack up their desks?

Well, they're not going anywhere. A well-placed News Corp. source tells me they've reached a new agreement, which the company will announce any day now. No response yet from MySpace or News Corp. reps.

As for specifics, it sounds like the pair ended up compromising on something short of the astronomical salary they were seeking. DeWolfe and Anderson had reportedly been clamoring for a two-year deal worth $50 million, or $12.5 million each per year. Nikki Finke's sources pegged the likelihood of that happening at "slim to none," and said the company was offering a little over half that amount, or $15 million each per year.

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