News Corp.

The new leaders of News Corp.'s MySpace said Wednesday they need to innovate in order to rejuvenate the social networking site and to renew stalled user growth.

According to Owen Van Natta the reason he took the job of MySpace chief executive was ability to make changes to the site. "When I look at MySpace there's just so much opportunity to build," Van Natta said at The Wall Street Journal's D: All Things Digital conference. "I took the job because there's a lot more that can be done around innovation."