Bloomberg: News Corp Board May Give Rupert Murdoch's CEO Title To Chase Carey

Is it possible that a non-family member may run Rupert Murdoch’s News Corp empire? Bloomberg financial news is reporting that Chase” Carey, who is deputy chairman and president and COO of News Corp, may be elevated to succeed Rupert Murdoch as CEO. But Murdoch would remain chairman. Quoting “people with knowledge of the situation,” Bloomberg says “a decision hasn’t been made”. The pressure seems to be coming from independent directors (who hold 9 of the 16 board seats) frustrated by the lack of quantity and quality of info about the scandal given the board. Also, a Carey promotion “depends in part on Murdoch’s performance before Parliament Tuesday. News Corp executives who watched Murdoch, 80, rehearse for his appearance before Parliament were concerned about how he handled questions, according three people who weren’t authorized to speak publicly,” Bloomberg writes.

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