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Rupert Murdoch endorses Carey as next in line
Source: Agencies |
August 11, 2011, Thursday
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Online Edition
Online Edition
RUPERT Murdoch said top lieutenant Chase Carey would replace him should anything happen to the 80-year-old News Corp CEO.
The comments were the clearest sign yet that Murdoch's son James may be sidelined after a phone hacking scandal swept its UK newspaper unit, which reports to him.
Murdoch made the comments on a conference call yesterday to discuss News Corp's fourth-quarter financial results. He said he and Chief Operating Officer Carey have "full confidence" in James Murdoch.
Media experts and analysts have wondered for several years who would replace Murdoch once he stepped down. Speculation has centered on his children as well as executives outside the family.
Murdoch also said the media company's board wants him to remain CEO after the hacking scandal raised questions about his leadership.
The comments were the clearest sign yet that Murdoch's son James may be sidelined after a phone hacking scandal swept its UK newspaper unit, which reports to him.
Murdoch made the comments on a conference call yesterday to discuss News Corp's fourth-quarter financial results. He said he and Chief Operating Officer Carey have "full confidence" in James Murdoch.
Media experts and analysts have wondered for several years who would replace Murdoch once he stepped down. Speculation has centered on his children as well as executives outside the family.
Murdoch also said the media company's board wants him to remain CEO after the hacking scandal raised questions about his leadership.
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