Chase Carey’s job as CEO of DirecTV Group appears to be on more solid ground after he said Monday that he would resign from News Corp.’s board of directors.
Carey, a long-time lieutenant of News Corp. chairman Rupert Murdoch, informed the company Monday that he intends to resign from its board after the closing of News Corp.’s sale of its 38% interest in DirecTV to Liberty Media.
News Corp. and Liberty announced the deal Dec. 22 that would give Liberty effective control of the direct-broadcast satellite giant, cash and three regional sports networks in exchange for its 19% voting interest in News Corp. Carey -- who became DirecTV CEO after News Corp. acquired the stake in 2003 -- had held several previous positions at News Corp. He also sits on DirecTV’s board of directors.
The Liberty deal, approved by News Corp. shareholders last week, is expected to close by the middle of this year. The transaction is still awaiting approval from the Federal Communications Commission. Liberty has said in the past that it intends to retain Carey as CEO.
In a Securities and Exchange Commission filing, News Corp. said Carey’s decision to resign “is not due to any disagreement with the company.”