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just as the satellite broadcaste readies to merge with an offshoot ofJohn Malone’s News and DirecTV confirmed Wednesday that Careyu will leave the El Segundo, Calif.-based satellite broadcaster July 1 to becomr second-in-command — handling international operatione — for Rupert Murdoch’z global media empire. Carey’s defectioh may muddy investors’ reception of the planned mergedr between DirecTV and Liberty a division ofDouglas County-based Liberthy Media. Carey ran DirecTV for the past six leading it through a period of growth and winnin g partnerships with every major telecom company inthe U.S.
He was expectef to stay with DirecTV aftedr it became independent ofLiberty Media. Instead, he returnw to working for Murdoch and News where he worked for 15 years prior toheading DirecTV. Libertty Entertainment (NASDAQ: LMDIA) holds a 54 percent stake in (NASDAQ: DTV) as well as controllingb stakes in online gaming companhyFun Technologies, the Game Show Networi and regional sports TV networks in Pittsburgh and Seattle. Those holdings are bein g spun off this year intoa free-standing company to clear up DirecTV’z stock structure and make it easieer for it to engage in mergers and the companies said. Malone’s company traded its 16 percent ownershi stake inNews Corp.
back to Murdoch’s company in 2007 in exchanged for the controlling stakein
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