From: MySpace Corporate Communications
Sent: Wednesday, February 10, 2010 4:43 PM
To: FIM MySpace All
Subject: IMPORTANT NEWS FROM THE OFFICE OF JON MILLER
Importance: High

Everyone,

Today we announced that Owen Van Natta is stepping down as MySpace’s CEO. Mike Jones and Jason Hirschhorn, who have each done a great job from both an operational and product perspective, are being elevated to co-Presidents and will assume Owen’s responsibilities. While this may be a surprising turn of events for some of you, I am absolutely confident that this change is best for all parties involved and – most importantly – the MySpace business. Owen took on an incredible challenge in assuming leadership of MySpace during a difficult period. He has worked to refocus and revitalize the company, and I believe MySpace is pointed in the right direction and gaining valuable momentum – we added over 1.5 million users and grew significantly in time spent last month – as a result of many of his efforts. However, in discussing with Owen his priorities for the future both personally and professionally, we both agreed that it was best that he step down at this time. I am grateful to Owen for his hard work, and I ask that you join me in wishing him well in the future. His departure is effective immediately, as are the appointments of both Mike and Jason.

I will leave it to Mike and Jason to communicate to all of you their excitement about the future and their priorities for the business going forward, but I would like to express my confidence in their ability to lead MySpace into this new and promising chapter. Since joining in April, their efforts on both the operational and product development fronts have been vital to our recent progress.

Thank you all for your continued hard work, and please join me in congratulating Mike and Jason on their new roles, and in wishing Owen all the best in the future.

Best,

Jon

Office of Jonathan Miller

Chairman & CEO, News Corp. Digital Media Group

Chief Digital Officer, News Corporation

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From: MySpace Corporate Communications
Sent: Wednesday, February 10, 2010 4:43 PM
To: FIM MySpace All
Subject: IMPORTANT NEWS FROM MIKE JONES AND JASON HIRSCHHORN
Importance: High

MySpacers,

Today MySpace has undergone a management change, with Owen stepping down as CEO and the two of us taking on the roles of co-Presidents.

Owen took on a huge challenge when he joined MySpace, and we are appreciative of his leadership over the past several months. Please join us in thanking Owen for his hard work and wishing him all the best in his future endeavors.

Our collective efforts have MySpace pointed in the right direction. We believe that our value proposition is incredibly strong and we are seeing early indicators that our strategy is working as our traffic begins to stabilize and as users reward us with more of their time.

In leading the business through its next phase, our job is to create an environment that will empower all of you to build on this foundation within the most streamlined and nimble management structure possible. One example of this is the new tech and product organizational structure, which will be finalized later this week.

We believe — as strongly as we did when we joined together in April — that MySpace is an exceptional platform with a dedicated user base that supports self expression and the socialization of content.

We look forward to continuing our partnership and working together with you to deliver the next generation of the MySpace experience to users, partners and advertisers.

Next week, we will be organizing an All-Hands meeting at Maple Drive to communicate directly with all of you in order to ensure that everyone is clear about our company vision, goals and your important role in our success. Please stand by for more details on that front.

Thanks again for all your hard work and we look forward to catching up with you in person next week.

Best,
Mike & Jason

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