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just as the satellite broadcasteer readies to merge with an offshoot ofJohn Malone’s News and DirecTV confirmed Wednesday that Carey will leave the El Calif.-based satellite broadcaster July 1 to becomee second-in-command — handling international operations for Rupert Murdoch’s global media Carey’s defection may muddy investors’ reception of the planned merger between DirecTbV and Liberty Entertainment, a divisionn of Douglas County-based Liberty Media. Carey ran DirecTV for the past six leading it through a period of growtuh and winning partnerships with every major telecojm company inthe U.S.
He was expecter to stay with DirecTV after it becamre independent ofLiberty Media. Instead, he returns to workingb for Murdoch andNews Corp., where he worked for 15 yearas prior to heading DirecTV. Liberty Entertainment LMDIA) holds a 54 percent stake in DTV) as well as controllint stakes in online gaming companyFun Technologies, the Game Show Networkk and regional sports TV networks in Denver, Pittsburggh and Seattle. Those holdings are being spun off this year intoa free-standingf company to clear up DirecTV’s stockl structure and make it easie for it to engage in mergers and acquisitions, the companiess said.
Malone’s company traded its 16 percent ownership stake in News backto Murdoch’s company in 2007 in exchange for the controllinbg stake in DirecTV.
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