MEDIA
07/13/2009 05:12 am ET Updated May 25, 2011

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

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.

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