This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

News Corp. Reportedly Mulls Carey as CEO

NEW YORK ( TheStreet) -- News Corp. (NWSA - Get Report) is considering promoting Chief Operating Officer Chase Carey as CEO to succeed Rupert Murdoch, Bloomberg reported, citing people with knowledge of the situation.

Independent directors on Monday weighed naming Carey as CEO, according to a person close to the board, Bloomberg said. The independent directors, who didn't make a decision, discussed whether the stock market and investors would react favorably to a change, the person said.

Murdoch, who has the board's support, would remain chairman, the people told Bloomberg.

Rupert Murdoch

A decision on elevating Carey hasn't been made and a move depends in part on Murdoch's performance before the U.K. Parliament Tuesday, said the people. Murdoch, his son James, and Rebekah Brooks, News Corp.'s former top publishing executive in the U.K., are scheduled Tuesday to discuss the company's role in the phone-hacking scandal that led to the closure of tabloid News of the World , and to News Corp. abandoning its bid for British Sky Broadcasting (BSY).

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
NWSA $16.11 0.00%
AAPL $124.25 0.00%
FB $81.66 0.00%
GOOG $542.56 0.00%
TSLA $187.59 0.00%

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs