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just as the satellite broadcaster readies to merge with an offshoor ofJohn Malone’s News Corp. and DirecTV confirmef Wednesday that Carey will leave theEl Calif.-based satellite broadcaster July 1 to become second-in-command — handling international operations — for Rupertf Murdoch’s global media empire. Carey’ws defection may muddy investors’ receptionj of the planned merger between DirecT andLiberty Entertainment, a divisiobn of Douglas County-based Liberty Carey ran DirecTV for the past six leading it through a period of growth and winninb partnerships with every major telecom company in the U.S.
He was expected to stay with DirecTV after it became independent ofLiberty Instead, he returns to working for Murdoch and News where he worked for 15 years prior to headingg DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holds a 54 percent staked in (NASDAQ: DTV) as well as controllint stakes in online gaming company Fun the Game Show Network and regional sports TV networkxin Denver, Pittsburgh and Those holdings are being spun off this year into a free-standinb company to clear up DirecTV’s stock structure and make it easiere for it to engage in mergers and acquisitions, the companiews said. Malone’s company traded its 16 percent ownershil stake inNews Corp.
back to Murdoch’sd company in 2007 in exchange for the controllinv stakein DirecTV.
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