News Corp. Said to Consider Chase Carey as CEO (to Replace Murdoch)

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Source: Bloomberg

News Corp. Said to Consider Chase Carey as CEO

By Andy Fixmer, Ronald Grover and Jeffrey McCracken - Jul 18, 2011 9:50 PM ET

Rupert Murdoch, chief executive officer of News Corp., is driven from his apartment in London on July 18. Photographer: Simon Dawson/Bloomberg
News Corp. is considering elevating Chief Operating Officer Chase Carey to chief executive officer to succeed Rupert Murdoch, people with knowledge of the situation said.

A decision hasn’t been made and a move depends in part on Murdoch’s performance before the U.K. Parliament today, said the people, who weren’t authorized to speak publicly. Murdoch would remain chairman, the people said.

News Corp. executives who watched Murdoch, 80, rehearse for his appearance were concerned about how he handled questions, according three people, who weren’t authorized to speak publicly. Murdoch and his son James are scheduled to discuss the company’s role in the alleged phone hacking of murder victims, members of the royal family and others by the News of the World, which was closed on July 10.

“This will be a heavily reviewed performance,” said Laura Martin, an analyst with Needham & Co. in Pasadena, California. “Who would have thought this could happen two weeks ago?”

Read more: http://www.bloomberg.com/news/2011-07-18/news-corp-said-to-consider-naming-chase-carey-as-ceo-suceeding-murdoch.html

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