News Corp. has chosen a former Facebook executive to lead MySpace, the company said Friday, a day after announcing that the current CEO would step down.

Owen Van Natta, a former Facebook chief revenue officer and vice president of operations, has become MySpace CEO effective immediately, replacing Chris DeWolfe.

Van Natta will report directly to Jonathan Miller, the former AOL CEO who was appointed several weeks ago as News Corp.'s CEO of digital media and chief digital officer.

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