News Corp Prez Chernin to Quit in Summer

Carey will return to News Corp to replace Chernin at month's end

(NEWSER) - The CEO of DirecTV is Rupert Murdoch’s choice to be the new No. 2 at News Corp, execs tell the Wrap. Chase Carey will return to the company where he’s held numerous top posts to replace Peter Chernin, whose contract ends this month—though Carey would be vice-chairman, not president. “The deal is essentially done between him and News Corp,” said an insider. More»

MySpace co-founder denies rumors he's considering jumping ship

(NEWSER) - Rupert Murdoch is touting his own "contrarian" tendencies as what will see News Corp. through the current recession and the implosion of the print media business. “In the past, we have met downturns with vigor, often departing from the herd. We have emerged much stronger," he said in an internal memo aimed to calm anxieties over the departure of his top lieutenant, Peter Chernin, and fears that MySpace co-founders Chris De Wolfe and Tom Anderson will follow him out the door. More»

(NEWSER) - It won't surprise anyone that Rupert Murdoch managed to get his hands on an advance copy of Michael Wolff's upcoming biography of him, despite a strict embargo, or that he complained to the publisher over some of the contents. Murdoch gave Wolff more than 50 hours of interviews and access to everyone from his top execs to his 99-year-old mother, and he told them to be candid. The New York Times chronicles the ensuing brouhaha. More»

Saturday's arrests mark 'an escalation in the risk,' reports the 'Guardian'

(NEWSER) - Saturday's arrest of five journalists at Britain's Sun over alleged bribery may have increased the likelihood of a new investigation of News Corp—on this side of the pond. The US Foreign Corrupt Practices Act makes it a crime for US companies to bribe public officials overseas, and prosecution could mean tens of millions of dollars in fines for News Corp, which is headquartered in New York, as well as jail time for executives, the Guardian reports. One FCPA law expert explains why the arrests ratcheted up the risk: They "spread the alleged bribery to a completely different newspaper, to a different segment of the company, and to other public officials." More»

Another Rupert Murdoch newspaper being probed, says lawmaker

(AP) - Police are investigating alleged email interception by Rupert Murdoch's Times of London, a British lawmaker said today—dragging Britain's oldest national newspaper into the broadening scandal over press wrongdoing. Labour Party legislator Tom Watson, who helped lift the lid on tabloid phone hacking, released a letter from police confirming they were investigating alleged email hacking by the Times. More»