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Bob Dylan has shared an emotional tribute following the death of his friend and Traveling Wilburys bandmate Tom Petty.Confirmation that Petty had died at the age of 66 came from Tony Dimitriades, manager of Tom Petty & The Heartbreakers, on behalf of the family on Monday. "He suffered cardiac arrest at his home in Malibu in the early hours of this morning and was taken to UCLA Medical Center but could not be revived," Dimitriades wrote in the statement. "He died peacefully at 8:40 p.m. PT surrounded by family, his bandmates and friends."Responding to the news, Dylan, who co-founded the Traveling Wilburys with Petty, George Harrison, Jeff Lynne and Roy Orbison in 1988, said it was "crushing"."It's shocking, crushing news," the folk singer told Rolling Stone magazine."I thought the world of Tom. He was a great performer, full of the light, a friend, and I'll never forget him."As initial reports of Petty's removal from life support surfaced, there was an outpouring of grief from the music world. Sheryl Crowe and Bryan Adams were some of the first to share their tributes to the late rock legend.Paul McCartney tweeted that he was "sending love" to the Petty family and Ringo Starr wrote: "God bless Tom Petty peace and love to his family I'm sure going to miss you Tom". A statement from Eric Clapton read: "I'm shocked and saddened by the news of Tom's passing, he's such a huge part of our musical history, there'll never be another like him."