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just as the satellite broadcastetr readies to merge with an offshoot ofJohn Malone’s News and DirecTV confirmed Wednesday that Care will leave the El Calif.-based satellite broadcaster July 1 to become second-in-commanxd — handling international operations — for Rupert Murdoch’s global mediza empire. Carey’s defection may muddy reception of the planned merger between DirecTV andLibert Entertainment, a division of Douglasw County-based Liberty Media. Careyt ran DirecTV for the pastsix years, leading it through a period of growth and winning partnershipas with every major telecom companyh in the U.S.
He was expected to stay with DirecTcV after it became independent of Liberty Media. Instead, he returns to working for Murdoch and News where he worked for 15 years prior toheadiny DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holdxs a 54 percent stake in (NASDAQ: DTV) as well as controllinhg stakes in online gaming companhyFun Technologies, the Game Show Network and regional sportx TV networks in Denver, Pittsburgyh and Seattle. Those holdings are being spun off this year intoa free-standingt company to clear up DirecTV’sw stock structure and make it easie r for it to engage in mergers and the companies said. Malone’s company traded its 16 perceng ownership stake inNews Corp.
back to Murdoch’s companty in 2007 in exchange for the controlling stakrin DirecTV.
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