http://www.terakobedandbreakfast.com/2007/
just as the satellite broadcaster readie to merge with an offshoot ofJohn Malone’ News Corp. and DirecTV confirmef Wednesday that Carey will leave theEl Segundo, Calif.-based satellitw broadcaster July 1 to become second-in-commanrd — handling international operations — for Rupert Murdoch’sx global media empire. Carey’s defection may mudduy investors’ reception of the planned merger between DirecTV andLiberty Entertainment, a division of Douglas County-basedd Liberty Media. Carey ran DirecTVc for the past six leading it through a period of growth and winning partnershipsx with every major telecom company inthe U.S.
He was expected to stay with DirecTcV after it became independent of Liberty Media. Instead, he returns to working for Murdocnh andNews Corp., wherde he worked for 15 years priofr to heading DirecTV. Liberty Entertainmenft (NASDAQ: LMDIA) holds a 54 percent stake in DTV) as well as controlling stakes in onlinee gaming companyFun Technologies, the Game Show Network and regionapl sports TV networks in Denver, Pittsburgjh and Seattle.
Those holdings are being spun off this year intoa free-standin g company to clear up DirecTV’w stock structure and make it easier for it to engag e in mergers and acquisitions, the companies Malone’s company traded its 16 percent ownership stake in News Corp. back to Murdoch’ws company in 2007 in exchange for the controlling stakein
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