MySpace Execs Leave To New Firm

Los Angeles-based MySpace is reportedly losing three of its executives to a new startup, according to reports from a number of sources. Amit Kapur, the firm's Chief Operating Officer; Jim Benedetto, SVP of Engineering; and Steve Pearman, SVP of Product Strategy are all involved in the new venture. No details of that new company have been released. A widely leaked memo from MySpace's Chris Dewolfe said that Kapur, Benedetto, and Pearman will remain at the firm "for the next few weeks" to ensure a smooth transition.