News Corp. Fires MySpace CEO

9:45 AM -- News Corp. (NYSE: NWS) has fired Owen Van Natta after less than a year as CEO of MySpace .

Van Natta, a former Facebook and Amazon.com Inc. (Nasdaq: AMZN) exec, was brought in last April to revitalize the site after News Corp. let its founders go. Over the past nine months he had attempted to remake the site as an entertainment destination.

Now, he departs amid rumors of tension with News Corp. digital chief Jon Miller and MySpace execs Mike Jones and Jason Hirschhorn, who were brought on by Miller.

Jones, chief operating officer, and Hirschhorn, chief product officer, will replace Van Natta, according to the company's press release.

Many, like GigaOM's Om Malik, see this latest development as the final death knell for long-suffering MySpace. "Rupert Murdoch’s $580 million MySpace purchase has outlived not only its utility, but has also finally hit its expiration date," he writes.

In iPad news:

  • Adobe Systems Inc. (Nasdaq: ADBE) has developed a version of its Flash player that would work on the Apple Inc. (Nasdaq: AAPL) iPad. The only thing standing in its way? "It requires Apple's cooperation to get on the device," Kevin Lynch, Adobe's chief technology officer, told The Wall Street Journal. "We're ready to go." Apple CEO Steve Jobs famously decried Flash as "buggy" when he made the call to leave it off the iPad.

  • Hulu LLC , which uses a Flash player, might be working on an iPad-friendly version of its site, according to a report from TechCrunch.

  • Bill Gates offered his thoughts on the iPad to BNET yesterday, and, naturally, he was unimpressed: "It’s a nice reader, but there’s nothing on the iPad I look at and say, 'Oh, I wish Microsoft had done it.' "

    — Erin Barker, Digital Content Reporter, Cable Digital News

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