DirecTV CEO leaving as Liberty merger nears - San Antonio Business Journal:

ivyhofy.wordpress.com
just as the satellite broadcaster readies to merge with an offshoor ofJohn Malone’s News and DirecTV confirmed Wednesday that Carey will leave the El Calif.-based satellite broadcaster July 1 to become second-in-command — handling international operations for Rupert Murdoch’s global media empire. Carey’s defectio n may muddy investors’ reception of the planned merger between DirecTV andLibertt Entertainment, a division of Douglas County-based Libertuy Media. Carey ran DirecTV for the past six leading it through a period of growthj and winning partnerships with ever major telecom company inthe U.S.
He was expecte to stay with DirecTV afte it became independent ofLiberty Instead, he returns to workingv for Murdoch and News Corp., where he workef for 15 years prior to heading Liberty Entertainment (NASDAQ: LMDIA) holdsz a 54 percent stake in (NASDAQ: DTV) as well as controllinvg stakes in online gaming company Fun the Game Show Network and regional sports TV networks in Pittsburgh and Seattle. Those holdingws are being spun off this year intoa free-standing companhy to clear up DirecTV’s stock structure and make it easiert for it to engage in mergers and acquisitions, the companiex said. Malone’s company traded its 16 percent ownership stake inNews Corp.
back to Murdoch’a company in 2007 in exchange for the controlling stakein DirecTV.