Tech industry website TechCrunch reckons that the founders of MySpace might soon be scanning the jobs pages, as owner News Corp’s CEO of Digital Media, Jonathan Miller, is looking to replace the CEO, CTO and President of the service.

It’s claimed that a decision has already been made to terminate co-founder Chris DeWolfe, the current CEO of the service. Apparently the senior executive team will soon follow, which includes Tom Anderson (President and default friend for any new signups on the site) and Aber Whitcomb (CTO).

What this means for the site is still unclear, though it’s been struggling to compete with upstarts Facebook and Twitter and only really holds ground in the music sphere. Apparently a new CEO has already been recruited and is in the final stages of contract negotiations. Whether he or she will be able to reverse MySpace’s terminal decline remains to be seen.

(via TechCrunch)