Web 2.0 Summit: News Corp. CEO Rupert Murdoch & MySpace CEO Chris DeWolfe

How will Rupert Murdoch, head of the world’s largest media empire and soon-to-be-owner of Dow Jones improve The Wall Street Journal?

• Make it better in what it does now. Financial news.

• Add more national and international news.
• Kill the New York Times? “Yes, that would be nice.”
• Expand the culture section.

How will he improve MySpace?

• Renew co-founder Chris DeWolfe’s contract for another two years.

• Roll out a “MySpace Platform” that will allow third-party developers to create applications for the social networking service.
• Kill Facebook?

Imagine that would be “nice” too.