Tom Anderson

News Corp. has hired two new executives at MySpace, expanding the online hangout's management team after having just replaced its CEO on Friday.

Michael Jones, who's founded several online businesses, will serve as MySpace's chief operating officer. Jones, 39, replaces Amit Kapur, who left last month.

Jason Hirschhorn, most recently the president of Sling Media Inc.'s entertainment group, will be chief product officer, a new position that focuses on the site's look and feel.

After more than four years at the helm of the popular social network, MySpace CEO Chris DeWolfe is stepping down before his contract expires. He is one of the creators of MySpace and has been the CEO since February 2005.

The company said the decision to step down in the "near future" was a mutual one between DeWolfe and News Corp. Chief Digital Officer Jonathan Miller. News Corp. owns MySpace.

As part of a yearlong initiative to redesign and rethink the core functionality of its site, MySpace is launching a new user interface this week in hopes of making it easier for members to communicate with friends and family. But analysts say the major motivation may be as much about attracting advertising dollars as making navigation more user-friendly.

You're sitting at home online, and suddenly you get an irresistible urge. You absolutely have to belt out R. Kelly's "I Believe I Can Fly" and share it with the world.

You now have that ability, thanks to the new MySpace Karaoke, to be launched Tuesday by the social networking site.