DirecTV exec named News Corp. deputy chairmanBy AFPChase Carey, chief executive of satellite broadcaster DirecTV, was named on Wednesday deputy chairman, president and chief operating officer of media giant News Corp. Carey, 55, replaces Peter Chernin, who is stepping down at the end of the month after serving as News Corp. chairman and chief executive Rupert Murdoch's right-hand man for years. Carey, who spent 15 years with News Corp. before leaving for DirecTV in 2003, will re-join the sprawling entertainment and media company on July 1. News Corp. said Carey will have oversight of News Corp's global operations and will be based in New York. "Chase has been one of my closest advisors and friends for years and I am delighted we'll once again be working together across our businesses as we face the challenges and great opportunities ahead," Murdoch said in a statement. "With its leading franchises, News Corporation's growth opportunities are second to none and I am thrilled to be returning at such a transformative time for our businesses across the globe," Carey said. Carey returns to News Corp. at a challenging time for newspapers, which have been struggling with falling print advertising revenue, declining circulation and the migration of readers to free news online. Murdoch recently announced plans to begin charging readers of the websites of News Corp. newspapers. The Wall Street Journal is currently the only News Corp. newspaper which requires a subscription fee. Murdoch's other newspaper holdings include the New York Post, The Times of London, the Sun and The Australian, among others.  Most Popular |
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