DirecTV Group CEO Chase Carey confirmed speculation that he was in talks to join News Corp. at the satellite giant's annual shareholder's meeting here Tuesday, but said he would have no further comment.
Carey, in his opening statements at DirecTV's annual meeting of shareholders at the New York Hilton, addressed the mound of published reports speculating that he would leave DirecTV to become vice chairman of News Corp., his former employer.
He would essentially become News Corp. chairman Rupert Murdoch's right hand man, replacing president and chief operating officer Peter Chernin, who is scheduled to leave that position at the end of the month.
"This is not the first time, unfortunately, I have had inquiries regarding my interest and it may not be the last," Carey said at the meeting. "I am in discussions with the board that are appropriately in private. I have tremendous respect for Rupert Murdoch and for News Corp. as a company. By the same token, I think DirecTV has a fabulous future. All of my efforts and all of my energies at this point in time are focused on making that future happen for DirecTV. DirecTV has a great group of executives and I could not be more excited about the future for the company. That is all I am going to say at this point about those discussions."
Later at the meeting, DirecTV and Liberty Media chairman John Malone said that while he would not discuss ongoing personnel matters, he is speaking with Carey.
"We are having a discussion about the future," Malone said.