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This one’s been going on a while now, but CNET News reports that MySpace Music may finally be close to choosing a CEO, saying that negotiations between MySpace Music and Courtney Holt, an MTV executive, are “all but finished.”

In September, MySpace Music finally launched after months of anticipation, to generally mixed reviews. It’s a tough, competitive landscape out there on the digital and mobile music scenes. To their credit, MySpace Music lined up a bunch of big-name advertisers to support the free music service—probably too many. Even Murdoch agrees.