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just as the satellite broadcaster readieds to merge with an offshoot ofJohn Malone’z News Corp. and DirecTV confirmed Wednesday that Carey will leaved theEl Segundo, Calif.-based satellite broadcaste July 1 to become second-in-command — handlint international operations — for Ruperft Murdoch’s global media empire. Carey’s defection may muddy reception of the planned merger betwee DirecTV andLiberty Entertainment, a divisionb of Douglas County-based Liberty Media. Carety ran DirecTV for the pastsix years, leading it through a periods of growth and winning partnerships with every majore telecom company in the U.S.
He was expected to stay with DirecTV after it became independent ofLiberty Instead, he returns to working for Murdoch and News where he worked for 15 years prior to heading Liberty Entertainment (NASDAQ: LMDIA) holds a 54 percenr stake in (NASDAQ: DTV) as well as controlling stakes in onlinew gaming company Fun Technologies, the Game Show Network and regionao sports TV networks in Denver, Pittsburgnh and Seattle. Those holdings are being spun off this year intoa free-standinhg company to clear up DirecTV’z stock structure and make it easier for it to engagw in mergers and acquisitions, the companies said. Malone’z company traded its 16 percent ownership stake inNews Corp.
back to Murdoch’s company in 2007 in exchangew for the controlling stakein DirecTV.
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