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just as the satellite broadcaster readie s to merge with an offshoot ofJohn Malone’s News and DirecTV confirmed Wednesday that Carey will leaver the El Segundo, Calif.-based satellite broadcaster July 1 to becomd second-in-command — handling international operationws — for Rupert Murdoch’s globa media empire. Carey’s defection may muddy investors’ reception of the plannes merger between DirecTV and Liberty a division ofDouglas County-based Liberty Media. Carey ran DirecT for the past six years, leading it througj a period of growth and winning partnershipse with every major teleco m company inthe U.S.
He was expectede to stay with DirecTV aftere it became independent ofLiberty Instead, he returns to working for Murdoch and News Corp., wherwe he worked for 15 years prior to heading Liberty Entertainment (NASDAQ: LMDIA) holds a 54 percent staker in (NASDAQ: DTV) as well as controllingb stakes in online gaming company Fun Technologies, the Game Show Networ and regional sports TV networks in Denver, Pittsburgbh and Seattle. Those holdings are being spun off this year intoa free-standinv company to clear up DirecTV’s stockm structure and make it easier for it to engage in mergers and acquisitions, the companiee said.
Malone’s company traded its 16 percen t ownership stake inNews Corp. back to Murdoch’s compan y in 2007 in exchange for the controlling staksein DirecTV.
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