News Corp COO Chase Carey continued the company’s effort to persuade Wall Street that all’s fine with its core media businesses — even as it struggles with multiple investigations into the News of the World scandal. “My role really hasn’t changed,” he said at the Bank of America Merrill Lynch Media, Communications and Entertainment Conference. “As time goes on the issues will get better flushed out, particularly some of the issues beyond the UK. … We’re going to cooperate fully and take the appropriate steps.” Carey said he “won’t get into hypotheticals” when asked if there were specific steps the company could take to put the scandal behind it. Nor did he indicate whether the company might split its newspapers from the growing entertainment and cable properties. “We don’t have a plan to do so,” he said adding that “it’s an historical foundation for the business, but that doesn’t mean you don’t look at it with a fresh eye.”
Echoing the message other media execs delivered today, he says the national ad market “continues to be robust.” Local sales are slowing, but could pick up next year as political ads kick in.
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