The Creators of MySpace Don't Use MySpace

MySpace is shunned even by its parents. Founder Tom Anderson hasn't updated his status in more than a year, while founder Chris DeWolfe "cringes" during his rare visits. Forget finding a buyer; MySpace would have trouble just getting adopted.
MySpace Exec Gets $500K to Sit at Home While 300 Laid Off
MySpace today confirmed the rumors it will lay off 300 international staff, on top of 400 U.S. layoffs last week. The social network also shoved aside purported co-founder Tom Anderson, who has a new gig: NOT going to the office.
Friendship with Boss's Wife Can't Save MySpace CEO
Sucking up to the CEO's wife is usually a wise move. But did it doom MySpace chief Chris DeWolfe?
Is Chris DeWolfe on His Way Out at MySpace?
Bad days for MySpace CEO Chris DeWolfe: A tell-all book about the lowbrow social network's shady origins is hitting the shelves as a Wall Street analyst predicts layoffs. How long will he last?
Once again, Vanity Fair leaves geeks at the kids' power table
Preeminent among the magazine world's kingmaking power lists is Vanity Fair's New Establishment, which appears in the October issue — on newsstands in L.A. and New York today, but not in the Bay Area for another six days. Silicon Valley gets similar short shrift: The names who make it there are predictable bigs like…
Chris De Wolfe's gain is Fox execs' loss
News Corp.'s online arm, Fox Interactive Media, has struggled to attract online talent while paying them like a startup would. (News Corp. shares just don't cut it.) The solution for the unit, which includes MySpace and a passel of lesser-known websites: a long-term incentive plan, or LTIP, which offers a sort of…
No, we're not MySpace Tom, but here's our advice anyway
Dear Valleywag reader Hannah M.: It's true that sometimes Valleywag writes about News Corp.'s social network MySpace. This does not make us MySpace co-founder Tom Anderson, however. We apologize for any confusion. The Internet can be hard. We understand. By way of making up for this grievance, we've posted your…
News Corp.'s Chernin on Fox Interactive's $1 billion target: "Yes, we will fall short"
Fox Interactive Media, News Corp.'s Web division overseeing properties including MySpace, Photobucket and Rotten Tomatoes, saw its revenues drop in the second quarter to $210 million., from $233 million in the previous quarter. News Corp. president and COO told analysts today that the division would not meet its $1…
Ex-MySpace boss Brad Greenspan possibly robbed by Hollywood Hills cat burglar
The Hollywood Hills home of MySpace quasi-cofounder and acquisitive LiveUniverse CEO Brad Greenspan was broken into over the weekend, and authorities think it could be the work of a cat burglar who has preyed on the wealthy, including the likes of Charlize Theron and Faith Hill, and their hillside hideaways. Looks…
MySpace sews up blue-hair demo with Barbara Walters interview
You might be surprised to learn that MySpace is bigger than Google. This, according to Barbara Walters, or at least the notes MySpace PR flack Dani Dudeck handed her before she interviewed Chris DeWolfe and Tom Anderson. Don't miss the tough questions like, "If I were a Martian. I come down from outer space. I hear…
Newsweek confirms the earlier reports that MySpace founder Tom Anderson is lying about his age ... on MySpace. He'll turn 37 in two weeks, not the 33 that his profile suggests. Newsweek quotes one MySpace user: "Tom was my first friend. It's kind of messed up that he lied to me." Wait until someone tells him about all…
Is Tom Anderson lying about his age on MySpace?
Is MySpace mascot Tom Anderson, the default friend added to everyone's profile on the social network, 32 years old, as his profile says? Or is he older — 36 or 37? TechCrunch's Michael Arrington says he's heard Anderson is actually 36 or 37. Which would hardly make Anderson the first person to lie about his age on…
MySpace boys are paid more than almost anyone at News Corp.
The deal that MySpace founders Chris DeWolfe and Tom Anderson got from Rupert Murdoch will pay them more than every exec at News Corp. except Roger Ailes, the head of Fox News. Nikki Finke notes that their pay package is particulary impressive because News Corp. is stingy with executive compensation. The pair are…
What are the terms of the new contract between MySpace founders Chris DeWolfe and Tom Anderson with their corporate daddies at Rupert Murdoch's News Corp.? "$30 million over two years," suggests Valleywag —which sounds a lot less cute when you put it as "News Corp countered with an offer of $15 million each spread…
MySpace CEO renews contract for two years
WEB 2.0 SUMMIT — "I'm happy to say I'll have a job for the next two years," says Chris DeWolfe, CEO of MySpace, on stage with conference organizer John Battelle and his boss, News Corp. CEO Rupert Murdoch, confirming widespread rumors that he and MySpace cohort Tom Anderson had renewed their contract to run the…
A new deal for MySpace execs Chris DeWolfe and Tom Anderson is worth $30 million over two years, says Silicon Alley Insider's Peter Kafka, confirming our earlier report. That's almost enough to buy a new jet. Or 0.2 percent of Facebook. [Silicon Alley Insider]
MySpace pair get $50 million for losing ground to Facebook
A News Corp. source is confirming that MySpace honchos Tom Anderson and Chris DeWolfe — the site's founders in name, if not in fact — have signed new contracts. How much did it take to keep the pair from bolting MySpace, even as it keeps losing ground to rival social network Facebook? It's been reported the pair…
Fox Interactive Media missed its internal revenue targets for July and August. So, unless they have an extraordinary September, FIM will miss for the quarter. Perhaps the Google/Myspace ad deal isn't working out as well as Tom had hoped. [Silicon Alley Insider]
Chris DeWolfe's misplaced affection
MySpace co-founder Chris DeWolfe may not be your friend (that's the other co-founder, Tom Anderson), but he does hold a few powerful people near-and-dear. Including, Portfolio reports, Wendi Deng, the wife of News Corp. owner Rupert Murdoch. Portfolio surmises that DeWolfe's friendship with Deng might help convince…
