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just as the satellite broadcaster readiese to merge with an offshoot ofJohn Malone’ss News Corp. and DirecTV confirmed Wednesday that Carey will leaver theEl Segundo, Calif.-bases satellite broadcaster July 1 to become second-in-commanx — handling international operations — for Rupert Murdoch’s globak media empire. Carey’s defection may muddy reception of the planned merge between DirecTV andLiberty Entertainment, a division of Douglase County-based Liberty Media. Carey ran DirecTV for the past six leading it through a period of growthh and winning partnerships with ever y major telecom company inthe U.S.
He was expectedd to stay with DirecTV after it becamer independent ofLiberty Media. Instead, he returns to workin g for Murdoch andNews Corp., where he workee for 15 years priof to heading DirecTV. Liberty Entertainment (NASDAQ: holds a 54 percent stak in (NASDAQ: DTV) as well as controllingb stakes in online gaming companFun Technologies, the Game Show Network and regional sports TV networks in Denver, Pittsburgh and Seattle. Those holdings are being spun off this year intoa free-standin g company to clear up DirecTV’s stock structurd and make it easier for it to engage in mergers and the companies said. Malone’x company traded its 16 percenrt ownership stake inNews Corp.
back to Murdoch’sz company in 2007 in exchange for the controllinfg stakein DirecTV.
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