MySpace founders want more cash

FOUNDERS OF online networking site MySpace have not allowed themselves to be intimidated by working for Rupert Murdoch.

Chris DeWolfe and Tom Anderson are not content with the huge wodges of cash that 'Digger' bought MySpace for. When the deal was signed DeWolfe and Anderson were kept on contract which is set to expire in October.

DeWolfe and Anderson have popped into Digger's office and said they will keep working for him for two more years if he gives them an extra $12.5 million a piece, per year.

Murdoch can't really give them that. MySpace is really a two-bit outfit surrounded by huge money makers in the glorious Digger empire upon which the Sun never sets. If Digger doled out that much cash there would be a lot of miffed media people in News Corp.

Sources say that Rupert didn't shout at the pair or have them killed. Instead he offered them $15 million each over two years. There are no indications if they have taken it.

More here. µ