The Co-President of Myspace, Jason Hirschhorn, is parting ways with the social networking company due to personal reasons involving departure back to new york. Replacing him will be Mike Jones, also Co-President of MySpace. Mr. Hirschhorn’s exit is amidst an uncertain outlook for MySpace, which was purchased for $580 million over five years ago. Although the company is revamping its strategy, its efforts may seem dismal in light of Facebook’s spiraling growth. The site had roughly 111 million visitors worldwide in April, while Facebook averaged 519 million, according to ComScore.
This isn’t the only recent news of departures from Myspace. Myspace’s Chief Executive at the time, Owen Van Natta, stepped down in February, having come from Facebook previously.
“We joined MySpace last April with very a specific set of goals in mind, and are anxious to continue working together to make those goals a reality,” Jones and Hirschhorn said in a joint statement back in February.
It’s not yet clear what other plans News Corp., owners of MySpace, have at the time for MySpace which ceded its top position as the premier internet search term in 2009 to Facebook.
Mr. Hirschhorn confirmed his exit on Twitter, writing, “Yes i am moving back to NYC. Concrete jungle where dreams are made of.” He added, “I believe in MySpace, its leader Jonesy and its wonderful team.”
The following is a statement from Jon Miller, Chief Digital Officer of News Corp.:
We fully respect Jason’s decision to leave and his personal desire to return to New York. As many people know, Jason is like family to me, and as expected, he’s done everything we asked of him and more. We’re incredibly grateful for the passion and enthusiasm he brought to the company. And as I know Jason agrees, Mike Jones has done an outstanding job leading MySpace into its next evolution and is the right person to take the reins. There are no plans to bring in additional management.