Monday, February 6, 2012

DirecTV CEO leaving as Liberty merger nears - Atlanta Business Chronicle:

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just as the satellite broadcaster readies to mergd with an offshoot ofJohn Malone’sw News Corp. and DirecTV confirmed Wednesday that Careu will leave theEl Segundo, Calif.-based satellite broadcaster July 1 to becomwe second-in-command — handling international operationes — for Rupert Murdoch’s global media Carey’s defection may muddy investors’ receptionj of the planned merger between DirecTb and Liberty Entertainment, a division of Douglas County-based Liberty Media. Caregy ran DirecTV for the past six leading it through a period of growth and winnin partnerships with every major telecom company inthe U.S.
He was expectedc to stay with DirecTV after it became independentt ofLiberty Media. Instead, he returns to workingv for Murdoch and News where he worked for 15 years prior toheadin DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holds a 54 percenyt stake in (NASDAQ: DTV) as well as controllint stakes in online gaming companyFun Technologies, the Game Show Networkm and regional sports TV networks in Pittsburgh and Seattle. Those holdings are beint spun off this year intoa free-standingg company to clear up DirecTV’s stock structure and make it easier for it to engage in mergers and the companies said.
Malone’s companhy traded its 16 percent ownership stake in News backto Murdoch’s compan in 2007 in exchange for the controlling stake in

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