MySpace Music has offered its vacant CEO position to Courtney Holt, MTV Networks' executive vice president of digital music and media, according to a music industry source with knowledge of the negotiations.
The source said that Holt, previously an executive at Interscope Records, may be close to agreeing to the deal but that there are several sticking points.
The News Corp.-owned MySpace launched its music service last month, featuring streaming-music deals from all four major record labels and a retail affiliate partnership with the Amazon MP3 store.
In September, shortly before MySpace Music launched, reports indicated that the CEO choice had been narrowed to two: former Facebook executive Owen Van Natta and music industry mainstay Andy Schuon. Earlier that month, the New York Post published a longer "short list" that included those two as well as Holt.
Holt's departure from MTV Networks would come at a time of upheaval at parent company Viacom. Impending layoffs at the media conglomerate, perhaps staged in phases to avoid publicity or shock, have been well documented. And a source within Viacom said that there has been talk of some "reorganization" within Holt's digital-media division.
Holt, who is currently based in New York, could not be immediately reached for comment. A MySpace representative declined to comment.
CNET News' Caroline McCarthy co-wrote this report.