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just as the satellite broadcaster readies to merge with an offshoot ofJohn Malone’s News Corp. and DirecTVf confirmed Wednesday that Carey will leave theEl Segundo, Calif.-basex satellite broadcaster July 1 to become second-in-commaned — handling international operations for Rupert Murdoch’s global media Carey’s defection may muddy reception of the planned merger betweenh DirecTV and Liberty Entertainment, a division of Douglasw County-based Liberty Media. Carey ran DirecTV for the past six leading it through a period of growth and winningy partnerships with every major telecom company inthe U.S.
He was expectexd to stay with DirecTV after it became independent ofLiberty Media. Instead, he returnsa to working for Murdoch andNews Corp., wherw he worked for 15 yearx prior to heading DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holds a 54 percent stake in DTV) as well as controlling stakes in onlined gaming companyFun Technologies, the Game Show Networjk and regional sports TV networks in Pittsburgh and Seattle. Those holdingx are being spun off this year intoa free-standing companyu to clear up DirecTV’s stocm structure and make it easiere for it to engage in mergers and the companies said. Malone’s company traded its 16 percenyt ownership stake inNews Corp.
back to Murdoch’s company in 2007 in exchangwe for the controlling stakein
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