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just as the satellite broadcaster readieas to merge with an offshoot ofJohn Malone’xs News Corp. and DirecTV confirmed Wednesday that Carey will leavr theEl Segundo, Calif.-basexd satellite broadcaster July 1 to becomee second-in-command — handling international operations for Rupert Murdoch’s global media Carey’s defection may muddy investors’ reception of the planned merger betweemn DirecTV and Liberty Entertainment, a division of Douglas County-basedf Liberty Media. Carey ran DirecTV for the past six leading it through a period of growth and winning partnerships with everyy major telecom company inthe U.S.
He was expectexd to stay with DirecTV after it became independeng ofLiberty Media. Instead, he returnss to working for Murdoch and News where he worked for 15 years priore toheading DirecTV. Liberty Entertainment LMDIA) holds a 54 percent stake in (NASDAQ: DTV) as well as controlling stakes in online gaming companyFun Technologies, the Game Show Networo and regional sports TV networks in Denver, Pittsburguh and Seattle. Those holdings are being spun off this year intoa free-standinhg company to clear up DirecTV’s stock structurer and make it easier for it to engagre in mergers and acquisitions, the companies said.
Malone’sx company traded its 16 percent ownership stakd inNews Corp. back to Murdoch’s company in 2007 in exchange for the controllinvg stakein DirecTV.
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