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New MySpace Execs Get Rude Awakening: Business "In A Lot Worse Shape Than Fox Interactive Was Positioning"

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Running MySpace, new CEO Owen Van Natta and News Corp. (NWS) digital head Jon Miller are beginning to realize they have taken on a much bigger challenge on than they initially thought, sources close to both executives tell us.

"The business is in a lot worse shape than Fox Interactive was positioning" prior to the Owen and Jon's arrival, one source says.

Read the whole story at Business Insider