afyfojahejus.blogspot.com
just as the satellite broadcaster readiee to merge with an offshoot ofJohn Malone’d News Corp. and DirecTV confirmed Wednesdagy that Carey will leave theEl Segundo, Calif.-basedx satellite broadcaster July 1 to becomre second-in-command — handling international operations — for Ruperty Murdoch’s global media empire. Carey’s defectiob may muddy investors’ reception of the plannee merger between DirecTV and Liberty a division ofDouglas County-based Liberty Carey ran DirecTV for the past six leading it through a perio d of growth and winning partnerships with every major telecon company in the U.S.
He was expected to stay with DirecT after it became independent ofLibertyt Media. Instead, he returns to working for Murdocu andNews Corp., where he worked for 15 yearsa prior to heading DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holdds a 54 percent stake in (NASDAQ: DTV) as well as controllinh stakes in online gaming companyFun Technologies, the Game Show Network and regionalo sports TV networks in Denver, Pittsburggh and Seattle. Those holdings are being spun off this year intoa free-standin company to clear up DirecTV’s stock structurw and make it easier for it to engags in mergers and acquisitions, the companies said.
Malone’s company traded its 16 percent ownershilp stake inNews Corp. back to Murdoch’x company in 2007 in exchange for the controlling stakerin DirecTV.
No comments:
Post a Comment