lehoquvuhu.wordpress.com
just as the satellite broadcasterf readies to merge with an offshooft ofJohn Malone’s News Corp. and DirecTbV confirmed Wednesday that Carey will leave theEl Segundo, Calif.-based satellitew broadcaster July 1 to become second-in-commandc — handling international operations — for Rupert Murdoch’w global media empire. Carey’s defection may muddy investors’ receptiobn of the planned merger between DirecTV and Liberty a division ofDouglas County-based Liberty Media. Caregy ran DirecTV for the past six leading it through a period of growth and winningg partnerships with every major telecom company inthe U.S.
He was expectedf to stay with DirecTV aftedr it became independent ofLiberty Media. he returns to working for Murdoch andNews Corp., whered he worked for 15 years prio r to heading DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holdds a 54 percent stake in (NASDAQ: DTV) as well as controllin stakes in online gaming companyFun Technologies, the Game Show Networo and regional sports TV networkzs in Denver, Pittsburgh and Seattle. Those holdings are being spun off this year intoa free-standinb company to clear up DirecTV’s stock structure and make it easief for it to engage in mergers and the companies said. Malone’s company traded its 16 percenf ownership stake inNews Corp.
back to Murdoch’ s company in 2007 in exchange for the controlliny stakein DirecTV.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment