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News Corp’s MySpace names former Metro-Goldwyn-Mayer Mark Rosenbaum as first chief financial officer
By Hendrik L Clarke for CEOWORLD Magazine Updated:October 6, 2009
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News Corp’s (NASDAQ:NWSA) MySpace has named a former Metro-Goldwyn-Mayer Inc. [MGMYR.UL] consultant Mark Rosenbaum as its chief financial officer, a new position for the online social network.
He was chief executive at SmartJog SA, a venture capital-backed French Internet startup, and senior vice president of international free and basic TV distribution and U.S. Networks for News Corp’s Twentieth Century Fox, MySpace said. Before that, he worked at Walt Disney Co (DIS.N).
Rosenbaum will report to MySpace CEO Owen Van Natta and will oversee all finance and accounting operations.
Last week, MySpace selected Maghen at CTO. Maghen previously served as CTO for MySpace Music. He has also served as CTO for Yahoo Entertainment and MTV Networks.
MySpace is a division of News Corp.’s (NYSE: NWS) Fox Interactive, which is based in Beverly Hills. News Corp agreed in 2005 to buy MySpace, at the time the hottest online social network.
“Having led companies at every stage of their development, Mark understands both startup culture and mature businesses, and is well suited to guide MySpace’s financial organization through its next phase of growth. We’re thrilled to add someone with his pedigree and experience to the team,” Van Natta said in a statement.
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