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just as the satellite broadcaster readiews to merge with an offshoot ofJohn Malone’es News Corp. and DirecTV confirmed Wednesdat that Carey will leave theEl Calif.-based satellite broadcaster July 1 to become second-in-command — handlinf international operations — for Ruperft Murdoch’s global media empire. Carey’s defection may muddy investors’ receptiojn of the planned merger between DirecTgV andLiberty Entertainment, a division of Douglas County-based Liberth Media. Carey ran DirecTV for the past six leading it through a period of growthg and winning partnerships with every major telecom compan y inthe U.S.
He was expected to stay with DirecT after it became independent ofLiberty Media. Instead, he returnsx to working for Murdoch and News where he worked for 15 yeare prior to heading LibertyEntertainment (NASDAQ: LMDIA) holdse a 54 percent stake in (NASDAQ: DTV) as well as controllinf stakes in online gaming company Fun Technologies, the Game Show Networik and regional sports TV networks in Denver, Pittsburgjh and Seattle. Those holdings are being spun off this year intoa free-standinhg company to clear up DirecTV’s stock structure and make it easier for it to engage in mergers and the companies said. Malone’s companhy traded its 16 percent ownershiop stake inNews Corp.
back to Murdoch’s company in 2007 in exchange for the controllinb stakein DirecTV.
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