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just as the satellit e broadcaster readies to merge with an offshoot ofJohn Malone’s News and DirecTV confirmed Wednesday that Carey will leavr the El Segundo, Calif.-based satellite broadcaster July 1 to becomew second-in-command — handling international operations — for Rupert Murdoch’s global media empire. Carey’s defection may muddhy investors’ reception of the planned merger between DirecTV andLiberty Entertainment, a division of Douglas County-based Liberty Carey ran DirecTV for the past six years, leading it througg a period of growth and winning partnerships with everyh major telecom company in the U.S.
He was expected to stay with DirecTVb after it became independent ofLiberty Instead, he returns to working for Murdoch and News Corp., where he worked for 15 year prior to heading DirecTV. Liberty Entertainment LMDIA) holds a 54 percent stake in (NASDAQ: DTV) as well as controllinbg stakes in online gaming company Fun the Game Show Network and regional sportw TV networksin Denver, Pittsburgh and Those holdings are being spun off this year into a free-standinv company to clear up DirecTV’s stock structure and make it easier for it to engagr in mergers and acquisitions, the companiess said. Malone’s company traded its 16 percentf ownership stake inNews Corp.
back to Murdoch’as company in 2007 in exchangse for the controlling stakein DirecTV.
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